Guru watch: Grant’s still buying gold

The gold bull market isn't over yet, says Jim Grant. With currencies continuing to be undermined by financial turmoil, investors won't stop fleeing to the ultimate safe haven.

Grant's Interest Rate Observer has become required reading among "cognoscenti who appreciate big doses of financial history served up with compelling investment ideas", says Leslie P Norton in Barron's. Among founder Jim Grant's "greatest calls" has been the gold bull market.

It's not over yet, says Grant. Gold "is simply the reciprocal of the world's faith in the institution of managed currencies. It is one divided by T, where T stands for trust. And trust is a shrinking number and will continue to shrink. Therefore I am still bullish."

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