Hedge funds’ bullish bets on gold jump to four-year high
Hedge funds and other large speculators boosted their net-long position in gold.
Richard Fisher, the Federal Reserves’ inflation hawk, owns platinum, uranium and over $1 million in gold according to annual filings of the 12 Fed presidents for 2010.
The full list of holdings can be found on page 522 of the disclosure documents that the New York Times posted online.
There are no miners amongst Fisher’s common stock holdings, but there are a renewable energy companies, such as First Solar and Waterfurnace Energy. Investments are under $50,000.
Precious metals still make up a small amount of Fisher’s portfolio. The Texan also owns several millions in property and municipal bonds.
Fisher, President and CEO of the Federal Reserve Bank of Dallas, will retire in March. Fisher was critical of the quantitative easing.
