By Daily Crux Editor Brandon Herrin:
Superstar money manager David Einhorn used to own an enormous amount of gold through shares of the gold ETF (GLD). Not anymore...
Einhorn just revealed to investors that he has moved his fund's gold holdings to gold bullion. The cost of storing bullion, he notes, is less than the fees charged for owning "paper gold."
And we'll add that in a crisis, gold you can hold in your hand is a lot better than paper certificates.
Read full article...
More on owning gold:
The only gold investment Wall Street can't ruin
Jeff Clark: Terrific gold buying opportunity ahead
Richard Russell: "Gold will be the last man standing"
Read everything we've posted on gold
here.
