Hedge fund manager John Paulson, who bet against the sub-prime market, is now betting on gold. Reports are he is opening a fund and using $250 million of his own wealth as a start. Add this to the continue buying of physical gold by banks around the world and nobody is really sure where this commodity is going.
One thing is for sure, gold is high and silver is looking like a the smarter play. Gold's little brother is still well below it's all-time high, but indicators are pointing towards a big run on silver. The reason is simple; the smart investor will not buy gold, with it being a record high and silver sitting ripe for the picking. It might be time to start thinking less gold and more silver.
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