Hedge fund executive John Paulson on Wednesday reiterated his confidence in gold as an investment, saying the rationale for owning gold is still valid and that a coming rise in inflation will bring back demand.
Mr. Paulson, in an interview on CNBC, also said he favors home ownership, saying ownership costs less than renting.
Mr. Paulson said his firm Paulson & Co. is having a "very strong year" so far.
The hedge fund manager, who noted that he began his career about 20 years ago, said it is "realistic" to expect he will continue in his role for another 20 years.
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