Thursday, November 4, 2010

Gold Hater Negs Hedge Fund Manager for Not Buying Gold!

They all come around eventually.

Betting on deflation. Peter Thiel, manager of Clarium, is showing losses in his fund of 17.1% through October.

Even Joe "The Gold Hater" Weisenthal figured out what Theil is doing wrong. He tweets:
Peter Thiel would be doing a lot better if he just bought gold and Treasuries while shorting Apollo like everyone else
I hope Weisenthal doesn't think Theil should be holding the Treasury securities long-term.

1 comment:

  1. Strange. Peter Theil is a very smart man. I thought he would've loaded up on commodities, especially gold.

    It is funny any gold hater would chide him for not buying gold. :)