Bullion Billionaires Who Like GOLD

Founder & Chief Editor of Gold Eagle
October 19, 2015

goldThe following 15 investment gurus are eminently among the wealthiest men worldwide. And although their vast wealth was not built primarily from gold investing, nonetheless all use gold as the perfect store of value with a view to preserve purchasing power vis-à-vis the relentless loss of value of all fiat currencies.  The monumental amount of their net worth is testament to their genius acumen in business. Consequently, we may all learn from them the paramount lessons of prudent wealth diversification and purchasing power preservation via gold investment.

Here are the BULLION BILLIONAIRES WHO LIKE GOLD…and a sample of their erudite wisdom

Carlos Slim Helu (world's 2cd richest man net worth of $73 billion)

Mexican Carlos Slim’s Minera Frisco agreed in 2012 to purchase several operating gold mines in Mexico from AuRico Gold Inc. for $750 million.


 George Soros (net worth of $23 billion)

"The U.S. dollar is very weak. Investors are moving to real assets."

"There is a massive shifting of wealth to new economic powers."


Carl Icahn (net worth of $21 billion)

"The system is not working properly."  “In risk there is reward…”

“My opinion is that, philosophically, I’m doing the right thing in trying to shake up some of these managements. It’s a problem in America today that we are not nearly as productive as we should be. That’s why we have the balance-of-payments problems. It’s like the fall of Rome, when half the population was on the dole.” 

John Paulson (net worth $11 billion invested in gold)

"I view gold as a currency, not a commodity. Its importance as a currency will continue to increase as the major central banks around the world continue to print money."

“Of all the investments we made in all the bankruptcies, all the events, all the mergers, etc., the single most important investment I made was switching to the gold share class.”

 Mikhail Prokhorov (over $9 billion invested in gold)

"We're looking now at what the world financial system is going to do with all this money that was printed during the financial crisis, if there's continued inflation, we'll see a global trend for raw materials and gold is not an exception. I'm optimistic that the gold price will stay at the same price or higher."


Paul Tudor Jones (net worth of $3.3 billion)

"I have never been a gold bug, it is just an asset that, like everything else in life, has its time and place. And that time is now."


Stanley Druckenmiller (net worth $4.4 billion)

Druckenmiller’s Fund recently bought $300 million worth of SPDR Gold Trust (GLD), an ETF that tracks the price of gold. It’s a huge bet, even for a big-time trader like Druckenmiller. He put 20% of his Fund’s money into this trade, and it’s his largest position.  He sees gold as a “Home Run.”


Michael Avery (holds $3.3 billion of Waddell & Reed Fund in gold)

"In 5,000 years of human history, gold has been the currency of choice, the store of value, when humans have called into question their governments' efforts to solve problems by running printing presses and injecting money into the economy."


Paul Singer (net worth $1.9 billion)

Gold Is Under Owned And the “Only Real Money.”



David Einhorn ($1.4 billion net worth)

"Gold is the money of choice and we would like to have a meaningful amount of our assets denominated in gold. It's the biggest position in the fund"... "It's the one kind of money Bernanke can't print more of."


M.G. George Muthoot (net worth $1.1 billion)

"If this business was as easy as it sounds, all my branch managers would be setting up their own gold loan companies."


Eric Sprott (net worth of $1.0 billion…mostly related to precious metal investments)

“We had the stock market collapse of 2001 – 2003.  Then we had (the more intense collapse of) 2007, 2008, 2009.  The next one (collapse) is going to be worse because that’s just how these cycles progress. This one that’s in front of us, I’m assuming it's going to be the mother of all stock market collapses.”


Thomas Kaplan (over $1.0 billion invested in gold)

"People view gold as emotional, but when they demythologize it, when they look at it for what it is and the opportunity it represents, they're going to say, "We really should own some of that. The question will then change to "Where do we get the gold?"


Marc Stern (holds $550 million of Bessemer Trust in gold)

"At the core of the sharp downturn is an absence of confidence. Rising debt levels in Europe and the U.S., uncertainty about policymakers' willingness to restore fiscal order, and increasingly cautious corporate sentiment that is consistent with slowing global growth are the chief culprits."


Jim Rogers (net worth of $300 million)

"Gold will be the great investment over the next decade."



The Upshot Of This Article:

Wherewas we may not rationally hope to attain the level of wealth of these fabulous 15 BULLION BILLIONAIRES, we indeed can copy, learn and take advantage of their example of wealth diversification and purchasing power preservation via gold investment.  

Gold-Eagle’s global readership in 189 countries and all 50 US states may follow the gold price 24X7 in 16 major world currencies at:  https://www.gold-eagle.com/rate/price-of-gold/  .

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Founder of Gold-Eagle in January 1997.  Vronsky has over 42 years’ experience in the international investment world, having cut his financial teeth in Wall Street as a financial analyst with White Weld. Vronsky speaks three languages with indifference: English, Spanish and Brazilian Portuguese.  His education includes a degree in Petroleum Engineering from the University of Oklahoma, a Liberal Arts degree from Hartnell College and a MBA in International Business Administration from UCLA – qualifying as Phi Beta Kappa and Tau Beta Pi for high scholastic achievements.  Vronsky believes gold and silver will be recognized as legal tender in all 50 US states and many countries worldwide.  You may reach I. M Vronsky at: [email protected] and/or [email protected]

The periodic symbol for gold is AU which come from the Latin for gold aurum.
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