Gold confiscation has been a hot topic at various times, and amid the coronavirus crisis, some are worried that it could happen again. In his April letter, which was reviewed by ValueWalk, Crispin Odey suggests there's a small chance the government could confiscate gold again in an extreme situation. Despite that, a sizable chunk of his fund is in gold and gold-backed assets.
Odey Asset Management was down 9.9% in April following an impressive 23.6% return in March amid the steep selloff.
Conjectures
In his April letter, Odey quoted Catherine the Great, who said running Russia was like dealing...
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Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
