Hedge fund manager, David Einhorn, is bullish on gold and is betting interest rates will rise, Reuters reports. The size of the national deficit will make gold and gold stocks along with call options on higher rates good investments, said the president of Greenlight Capital.

Einhorn fears that budget deficits in the U.S. will devalue the dollar and send interest rates soaring, adds Crain’s New York. He has advised buying both physical gold and gold stocks.

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