The stock market may get cut in half, but this ‘most undervalued’ asset is about to surge, billionaire investor says
May 05, 2020 at 13:10 PM EDT
Paul Singer, the hedge-fund billionaire behind Elliot Management, warned last month that the ultimate path of global stock markets is a drop of at least 50% from February highs. What’s an investor to do in the face of that grim outlook? Buy gold.