2014-05-22 — wsj.com
``New York investor Thomas Kaplan is looking to raise $500 million for a private-equity-style fund to make more bets on gold and other precious metals, say people familiar with the matter and a marketing document that The Wall Street Journal viewed... The fundraising comes after Mr. Kaplan's personal all-in wager on gold took a big dent. He told the Journal in 2010 that the metal was "the only asset I have confidence in" ahead of what he predicted would be global economic instability.
... Mr. Kaplan views his paper losses as irrelevant given his long-term horizon and argues he has capitalized in the past on periods of industry distress, said people close to him. Indeed, the 51-year-old sees the rout in the metals and mining sector as having presented the best buying opportunity he has seen, the people said.
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