Hedge Fund With 235% Return Says Gold Price Decline Is Temporary
AI Summary
The insights from Raphael Lamm highlight a critical juncture for gold investors, particularly in the context of rising geopolitical tensions and fiscal instability. For Indian retail investors, this suggests that while short-term volatility may present challenges, the long-term fundamentals for gold remain strong, potentially making gold-related equities an attractive investment. As global economic pressures mount, diversifying into gold could serve as a hedge against inflation and currency fluctuations, which are particularly relevant in the current Indian market scenario.
(Bloomberg) -- Australian hedge fund manager Raphael Lamm, whose long-short gold fund has delivered a net return of more than 200% to investors since its launch last year, sees the recent decline in bullion as temporary, arguing that the key forces underpinning its long-term rally remain intact.
The “unsustainability of fiscal situations in key markets,” particularly US government debt of more than $40 trillion, as well as the growing central-bank allocations will support gold over the medium to long term, said Lamm, who co-manages the A$1.5 billion ($1.1 billion) L1 Gold Fund with Mark Landau. In the near term, prices are set to be driven by developments in the US-Iran war, real interest rates and inflation data, he said.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 25 September 2026.
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