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January 17, 2019, 1:09 PM EST Updated on January 17, 2019, 7:00 PM EST
Sam Zell, the founder of Equity Group Investments, says he bought gold for the first time in his life.
Gold’s dimming supply prospects have caught the eye of one billionaire.
“For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments, said in a Bloomberg TV interview. “Supply is shrinking and that is going to have a positive impact on the pric