Why This Billionaire Just Bought Gold for the First Time in His Life

Billionaire Sam Zell just announced that he bought gold for the very first time in his life because, as he puts it, “it is a good hedge.” In a recent Bloomberg interview, the Equity International founder and creator of the real estate investment trust (REIT) admitted to seeing an opportunity in gold’s increasing supply shortage.

Why This Billionaire Just Bought Gold for the First Time in His Life