Another respected hedge fund, the Pacific Group, has decided to convert one third of its hedge-fund assets into physical gold. The Pacific Group Ltd., which manages over a $100 million worth of assets, believes that gold will continue to rise as governments print more money to pay off debt, according to Bloomberg.
Thus, continues the trend of some of the smartest money in the world diversifying some of their holdings into physical gold.
It has secured vault space at Hong Kong International Airport to store the gold, he said.
JANUARY 21, 2013 BY THE DOC