Paul Singer is a world renowned bond fund manager, and a force that has even taken Argentina to the brink regarding sovereign bonds his fund owns. But as the paper asset markets begin to hemorrhage, including stocks, bonds, and even the dollar, the billionaire hedge fund manage is now telling everyone that there is a different asset they need to be in.
That asset is gold. And in your portfolio or wealth savings the metal needs to make up at least 5-10% of your money.
“In a world where the value of paper money is affirmatively aimed at being degraded by central bank policy, it’s kind of surprising to me that gold can’t catch a bid,” the billionaire and member of Bloomberg Markets 50 Most Influential said at a conference in Tel Aviv on Wednesday. “I like gold. I believe its under-owned. It should be a part of every investment portfolio, maybe five to ten percent.”
Singer took aim at monetary policy makers for a staggered economic recovery from the 2008 financial crisis, and what he called the "cult of central banking" in which investors turn to regulators such as Janet Yellen and Mario Draghi to solve the ills of the global financial system. And while those policies have "levitated" bond and equities, Singer is surprised by how little the investors he meets with own gold.
Every institutional portfolio should be 5-10 percent invested in gold to protect against zero interest rates that are degrading the value of paper currency, Elliott Management Chief Executive Paul Singer said on Wednesday.
Gold was the one tradable asset that has been "treated unfairly", he said at the Sohn Investment Conference, adding that his fund holds gold through options.
"Gold is the only real money," Singer said. "Gold would do well if people felt they needed some real asset to protect against inflation, government policy and/or diversification from stocks and bonds." - ZerohedgeSinger's comments in Israel comes on the same day the dollar reached a 'Death Cross', where its 50 day moving average crossed below its 200 day average. A death cross is often an indication that an asset is on a downward trend, with this technical indicator not occurring for the U.S. currency since 2013.
Gold prices have been climbing in relation to the dollar, Yen, and Euro since the market downfall back in late August, and along with silver, is being bought by the ton by major banks like J.P. Morgan and HSBC. And with new expectations of at least $1200 per ounce by the end of the year, and projections of $1400 by the end of next year, the mainstream is slowly changing their tune on gold after years of talking it down, and shorting it in the Comex futures market.
Yet for most people, being able to afford gold at near $1200 per ounce is most often unattainable. And with few options open since shortages at dealers and brokers are leading to premiums on the spot price of sometimes more than 30%, how can you protect your assets and your wealth in the metal that has proven its value worldwide for over 5000 years?
The answer lies in a company called Karatbars
Buying gold through Karatbars is one of the easiest things on the net. In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.
And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.
How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money? And there is never a mandatory requirement to buy beyond what you desire, on your own schedule. And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.
The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.