The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Wednesday, November 25, 2009
Chart of the Day: John Paulson's Gold Holdings Bigger Than Reserves Held By Many Central Banks
The interesting chart below from The Reformed Broker is an estimate of Hedge Fund manager John Paulson's gold holdings which could be larger than gold reserves held by many central banks.
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