Major Hedge Fund Turns to Gold

by Michael Maharrey, Schiff Gold: Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation. Greenlight famously shorted Lehman Brothers before its 2008 failure. […]