“For hedge fund managers like Paulson, I think they are long-term investors,” Axel Merk, portfolio manager of California-based Merk Funds told the Chicago Tribune.
“With Janet Yellen, we know that the Federal Reserve is likely to err on the side of inflation, so there is a good reason to continue holding onto it,” said Merk. His firm also owns a stake in SPDR Gold Trust.
Investors have long looked to gold bull Paulson as a beacon of insight to the gold market. For companies such as Jameson Stanford Resources, this insight lends strength to the company’s focus on metalliferous mines.
The company owns and operates mines in the Star Mountain Mining District, Beaver County, Utah, the Spor Mountain Mining District, Juab County, Utah, and the Ogden Bay area, Weber County, Utah.
In September 2013, Jameson commenced start-up activities at the Star Mountain/Chopar Mine project site and is currently in the process of initial excavation and production operations at the Chopar Mine site. The company has additional exploration and discovery activities at other sites within the Star Mountain project and expects its first deliveries of copper product to occur in the second quarter of 2013.
Though most of its assets are in the western part of North America, Jameson is also able to operate in locations around the globe.
For more information visit www.jamesonstanford.com
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