From David Galland in Casey's Daily Dispatch:

[On] buying precious metals, an institutional money manager friend sent over the presentation document for John Paulson’s new gold fund.

Slide #2, right after the title, presents the well-regarded money manager’s rationale for opening his fund next month. And I quote…

-Printing money will lead to paper currency depreciation

-Demand for gold as a reserve currency will increase

-Demand will overwhelm supply, causing price to rise sharply

In other words, dear reader, Mr. Paulson is reading off the same song sheet as you have been for many years now. At least if you’ve been a Casey Research subscriber.

Crux Note: Each day in Casey's Daily Dispatch, David Galland brings you an informative and entertaining overview of the markets, the economy, and politics... all from his unique and often contrarian perspective. Casey's Daily Dispatch is absolutely FREE and comes right to your inbox, five times a week. To sign up, click here...

More from Casey Research:

Did John Galt write this?

How to predict the price of gold

Casey Research on the tidal shift in the gold market