Published On: Mon, Aug 24th, 2015

Billionaire Investors Make Massive Bets On Gold And Airlines

Druckenmiller and Buffet

 

I always advise investors to follow the smart money, and two people high on the list are Stanley Druckenmiller and Warren Buffett.

Second-quarter regulatory filings show that Stanley Druckenmiller, the famed hedge fund manager, just placed more than $323 million of his own money into a gold ETF, at a time when sentiment toward the yellow metal is in the basement. Meanwhile, Buffett announced this week that Berkshire Hathaway is purchasing aircraft parts supplier Precision Castparts for $32 billion.

Investors should take note!

Read the full story at Forbes, by Frank Holmes,

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