John Paulson on Gold

paulsonFrom Daily Wealth: http://www.dailywealth.com/archive/2009/oct/2009_oct_29.asp

Chris Mayer of Daily Wealth fills us in on what John Paulsen had to say at the fall 2009 Grant’s conference. Yes, that is Jim Grant of Grant’s Interest Rate Observer.

The potential for inflation this time around is greater than it was in the 1970s, given that the growth in the monetary base is so much greater than it was in the 1970s. Gold could do much better this time around, reaching “$3,000 or $4,000, or $5,000 per ounce” as Paulson said.

Click the link above for the full report.