Hedge fund manager and billionaire John Paulson held a regularly scheduled investor call on Wednesday, saying that while there could be price fluctuations in the short term he’s ‘staying the course’ on gold:

The New York-based hedge fund manager has long stuck by his thesis that gold will someday be a powerful hedge against inflation, and it was no different on the investor call he held, two people who listened to the call said.

Billionaire Paulson says he’s staying the course on gold

Gold has recovered a little since its price crash a couple of weeks ago:

Source: Bloomberg

Source: Bloomberg