Druckenmiller Loads Up on Gold, Saying Bull Market Exhausted
By GCRU Gold News on Thursday, May 5 2016, 00:41 - Permalink
Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said the bull market in stocks has "exhausted itself" and that gold is his largest currency allocation.
As bankers experiment with "the absurd notion of negative interest rates," Druckenmiller said, he’s wagering on gold. “Some regard it as a metal, we regard it as a currency and it remains our largest currency allocation," he said, without naming the metal.