Einhorn: Gold to keep rising as policy anomalies remain

Hedge fund titan David Einhorn expects the price of gold to continue its strong surge as the US authorities retain irregular monetary and fiscal policies.

Einhorn, renowned for publicly questioning the health of Lehman Brothers long before its collapse, believes the US should move from its zero rate interest rate policy as it is only benefiting the banks and it detrimental to those who genuinely need income. "We own gold and we are going to continue to own gold as long as we the monetary policy and the fiscal policies don't make sense. I expect gold will rise further," Einhorn told CNBC this morning. "Rates are too low. Zero rates are a dangerous long term policy. "Governments are borrowing money that over time they have no serious p...