Hedge fund giant David Einhorn says gold price may go `much higher'

Hedge fund titan David Einhorn said believes that gold (NYSEARCA:GLD) is a buy now and it may go "much higher." "When countries don't trust each other over bonds and currencies, gold becomes the ultimate reserve asset," Greenlight's Einhorn said at the 2022 Sohn Investment Conference. "And I say gold rather than crypto because gold is already recognized as a globally acceptable central bank reserve asset." "Gold as a percentage of total reserves remains staggeringly low," Einhorn continued. "The question is whether there is enough gold to back the currency reserves. The answer is for the price of gold to go higher, perhaps much higher." Developing story ...