Joe Weisenthal, who has penned many a screed against gold and who in the past admitted that he was wrong about gold, has come full circle and now owns gold in his portfolio. This is despite his recent apparent anti-gold standard view.
Gareth Brickman emails me:
Interesting to note paper money enthusiast Joe Wiesenthal's disclosure on Business Insider:
Disclosure: Joe's investments include various index funds, gold as well as individual positions in Apple, American Apparel, BP, Google, Johnson & Johnson, Kyocera, Nokia, Sanofi Steelcase, Posco, Omnivision, Berkshire Hathaway (a B share!), Smith & Wesson and AIG.
http://www.businessinsider.com/author/joe-weisenthal
It's probably paper gold...
ReplyDeleteSo he believes in gold while telling people to not by any? Somewhat hypocritical.
ReplyDeleteWelcome to the team Weezer.
ReplyDeleteHe was probably just bashing it in the hope of getting a good buy-in price earlier this year.
ReplyDeleteJust like George Soros. Yet another case study on watching people^s actions rather than their rhetoric.
ReplyDeleteas a friend of joe's, let me say: he's held gold for a while now -- i'm talking years.
ReplyDelete