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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 374.33

+0.7%

Nov 18 4:00 PM EST

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From: bull_dozer	1/28/2009 4:19:56 PM
	of 29622

Greenlight’s Einhorn Follows Grandfather’s Advice, Buys Gold Greenlight Capital Inc. founder David Einhorn, 40, is finally taking his grandfather’s advice. The $5.1 billion hedge fund is buying gold for the first time amid the threat of inflation from increased government spending. Since Einhorn was 10 years old, his grandfather has warned him that investing in bullion and gold-mining stocks was the only “sensible” thing to do given the threat of inflation and the risks of so-called fiat currencies, New York-based Greenlight said in a Jan. 20 letter to clients. The firm had never before considered buying bullion or shares of miners. bloomberg.com

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