Thomas Kaplan gold forecast

Kaplan says the big rally is still to come. It’s not riots in the streets he envisions, but a more fundamental case of demand outstripping supply as gold becomes a currency in its own right.

Gold Stocks he is holding

Thomas has invested in in Vancouver-based mining company NovaGold Resources. Other investors in this mining operationg include George Soros & John Paulson.

Best Thomas Kaplan quote

“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?’ “

Source Businessweek Gold Evangelist

According to an article in businessweek. Some of the famous billionaire commodity investors who have invested their money in it are, George Soros, John Paulson and  Thomas Kaplan.

How did he see it.

In a Wall street journal interview, I found this Paulson quote

“Where is the bubble we can short?” He was asking his staff. They found it in housing.

I think that is the one example on how to make money. Find a bubble and short it!

In the same interview Paulson gave a vague assessment of the market

He’s also betting against other parts of the economy, such as credit-card and auto loans. He tells investors “it’s still not too late” to bet on economic troubles.

Not to fast that was way back in January 2008.