Gold: A Safe Haven


	Gold: A Safe Haven

Tina Russo

9-23-2008 8:45 AM

1090 views

tags:

gold, first eagle global fund, currency, comex

Tina Russo says:

It's not a new concept but it's a good one. Portfolio manager Jean-Maire Eveillard explains why you should be in gold.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/30fc43cc-3b39-4630-85e6-7b5d101db4af/6898D381-3722-45F2-BE5F-DDE9061497C9/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601213&sid=a8L00oInO1YM&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601213&sid=a8L00oInO1YM&refer=home" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601213&sid=a8L00oInO1YM&refer=home"><A href="http://search.bloomberg.com/search?q=Jean-Marie+Eveillard&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Jean-Marie Eveillard</A> says he has
stashed $1 billion in gold in a vault near Times Square as
insurance against ``extreme outcomes,'' like a market collapse or
unintended consequences of the U.S. plan to avert one.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601213&sid=a8L00oInO1YM&refer=home">Eveillard keeps as much as 8 percent of his $22 billion
<A href="http://www.bloomberg.com/apps/quote?ticker=SGENX:US">First Eagle Global Fund</A> in bullion or gold-mining stocks.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601213&sid=a8L00oInO1YM&refer=home"><P>``Gold is insurance,'' Eveillard said in an interview
yesterday. ``In most of those instances where things would get
bad enough so you would get into equity bear markets, where
economic and financial circumstances would be bad for a year or
two or three,'' gold prices will rise.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6898D381-3722-45F2-BE5F-DDE9061497C9/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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