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Why Isn’t Gold Higher?

My colleague and erstwhile nemesis Gonzalo Lira posed the question above in a recent essay, and it is indeed a most puzzling one. Given that the world’s central banks — joined most recently by a...

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John Paulson Loses Over $300 Million On Friday’s Gold Tumble

There were many casualties following Friday’s 4% gold rout, but none were hurt more than one-time hedge fund idol John Paulson, who according to estimates, lost more than $300 million of his own money...

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“New Normal” Mungerisms: From Jews & Gold To Bankers & Heroin

The bespectacled Robin to Buffet’s Batman is at it again. After casting disparaging remarks about the hard-money fanatics of the world with his “only old jews like gold” comment last year, in a brief...

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