It’s Not Silver or Gold…
by Jimmy Mengel, Outsider Club:
This year hasn’t been a pleasant one for precious metal investors. That much is certain.
Gold is down something fierce…
Since it saw a record price of $1,921/oz. in September of 2011, gold has been on a gradual slide, shedding almost $420 an ounce this year — a drop of 25%.
Famous hedge fund titan John Paulson’s gold fund is down a whopping 63% so far in 2013 — not exactly the kind of returns he’d hoped for when he doubled down on the ancient metal of kings.
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