Paul Singer: Buy Gold Not Crypto Which Are “Worthless Scams”

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HFA Staff
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Paul Singer Elliott Management

Recently everyone from central banks to individual investors has been buying gold. Its value has been steadily increasing, but it has reached record-high levels. It gained 16.5% value on the year-to-year basis.

What are the most common reasons to invest in gold? Certainly, the most important one is that it has both protective and wealth-preserving characteristics that fiat currencies do not offer. 

Why is gold a regular part of Elliot Investment’s portfolio? In one part of a detailed Q1 investor letter, a copy of which was obtained and reviewed by, Paul Singer and his partners addressed the current surge in demand for gold, and why its price has reached record-high levels.

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