David Einhorn Explains Why Only Gold Is An Antidote To The Fed's Destructive 'Jelly Donut Policy'by Tyler DurdenZeroHedge May. 04, 2012 |
Chris Rufo Discovers Who is Flooding The Small Town of Charleroi, Pennsylvania With Haitian Migrants
WATCH: New Film 'Atrocity Inc' Exposes How Israel Lied About October 7th to Justify Genocide
Biden on Netanyahu: "He's a F--king Liar"
Netanyahu: Trump Called to 'Congratulate' Me On War With Hezbollah
Trump Visits Lubavitcher Rebbe's Grave With Ben Shapiro for October 7th
This is a really great article. You've got to watch this great video with him talking about gold from 2010.- ChrisDavid Einhorn who crushed it this week with huge profits on his short positions in both Herbalife and Green Mountain, finally takes on the ultimate challenger: the Federal Reserve, seemingly unaware to never "fight the Fed", likening its "strategy" to a Jelly Donut policy, and explains what everyone who has been reading Zero Hedge for the past 3 years knows too well: "I will keep a substantial long exposure to gold -- which serves as a Jelly Donut antidote for my portfolio. While I'd love for our leaders to adopt sensible policies that would reduce the tail risks so that I could sell our gold, one nice thing about gold is that it doesn't even have quarterly conference calls." Or, as Kyle Bass said last year, "Buying Gold Is Just Buying A Put Against The Idiocy Of The Political Cycle. It's That Simple!" Not surprisingly, it is only the idiots out there who still don't get what these two investing luminaries are warning about. Read More |