Fox Capital Partners, the absence of checks on central bank monetary policy experimentation has made ownership of gold “a great deal of sense” according to hedge fund billionaire Paul Singer who heads Elliott Management Corporation.

Singer’s sentiments echo those of fellow hedge fund luminary, Stan Druckenmiller whose investment returns at Duquesne Capital Management have averaged an impressive 30% each year from 1987 to 2010. Druckenmiller recently urged investors to sell equities and buy gold after warning that central banks were committed to devaluing their currencies in order to gain competitive advantage despite publicly decrying such policies.

“These two hedge fund billionaires seem to have a point,” said Gordon Li-Chao, chief economist at Fox Capital Partners. “Gold has jumped by 16% in the last 3 months and by as much as 21% since the start of 2016. Frankly, it’s becoming patently obvious to us that the Fed, the Bank of Japan and the ECB appear to be out of ideas as to how to combat slowing growth and falling prices.”

Li-Chao says that Fox Capital Partners has raised its price target for gold to 1400.00/oz in 2016 citing the “very real likelihood” that, beginning most likely with the Bank of Japan, global central banks could be about to embark on a new experimental form of quantitative easing that is directly injected into the economy, completely bypassing the commercial banks.

“If this so-called ‘helicopter money’ is rolled out, there will be no upper limit to gold’s surge higher. We have urged clients to increase exposure to gold and to buy on technical pullbacks in the price,” concluded Li-Chao.

About Fox Capital Partners
Fox Capital Partners is a successful, independent investment management practice established in Shenzhen City, China and headquartered in Shenzhen. Our highly-qualified professionals advise on a wide array of wealth accrual, preservation and portfolio management solutions aimed at affluent individuals and families in Asia and elsewhere.






, ,