Fund Manager to Lose Hair After Betting on $2,000 BullionBloombergApr. 16, 2012 |
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Charles Oliver, a Sprott Asset Management Inc. portfolio manager in Toronto, will have his head shaved today after losing a bet on the gold price. Oliver joined Sprott in January 2008 and told clients at a meeting four months later he was so convinced bullion would reach $2,000 an ounce by April 16, 2012, he was willing to stake his hair on it. Gold was at $945 an ounce at the time. Read More |