Sam Zell, the founder of Equity Group Investments, says he bought gold for the first time in his life because “it’s a good hedge.” Zell also talks about the oil and energy markets. He speaks on “Bloomberg Daybreak: Americas.” (Source: Bloomberg)
Sam Zell Says Gold ‘Is a Good Hedge’
Q3 hedge fund letters, conference, scoops etc
Sam Zell Says Liquidity Has Decreased 'Significantly'
Sam Zell, chairman and founder at Equity Group Investments, discusses how declining liquidity impacts the real estate market. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Zell Sees 'Minimal' DC Real Estate Impact From Shutdown
Sam Zell, chairman and founder at Equity Group Investments, discusses the impact of the partial government shutdown on real estate and how his firm approaches clients affected by not receiving paychecks. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Sam Zell Says Liquidity Has Decreased 'Significantly'
Sam Zell, chairman and founder at Equity Group Investments, discusses how declining liquidity impacts the real estate market. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Sam Zell Remembers Vanguard's John Bogle
Sam Zell, chairman and founder at Equity Group Investments, reflects on his dealings with and the legacy of Vanguard Group Inc. founder John Bogle who passed away Wednesday at 89. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Zell Calls WeWork a Negative Example of Creating Unicorns
Sam Zell, chairman and founder at Equity Group Investments, discusses lease deals by the CEO of WeWork Cos. and what Amazon.com Inc. brings with its new campus in New York. He speaks on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
Transcript
Sam we talked earlier that you're buying a few refineries since 3PAR. What other energy assets are you interested in pursuing in the United States. We've been buying up stranded oil and gas. We've. Had some participations in. Ghana. And in this that. Can handle various plays that we think are interesting and we're pretty comfortable. At the price of oil is not going down. I think I mentioned the one thing that the gold guy didn't mention is the fact that the amount of capital being put into new gold mines is almost nonexistent. And all the money is being used to buy up rivals. Have go back to supply and demand. The supply shrinking. And that that's going to have a positive impact on price.
So does that mean make gold a good investment. I mean gold money a good investment high.
For the first time in my life. I bought some gold. I think it's a good hedge. And but generally speaking I don't think investing enough. In oil either. Hands so I think. The. Likelihood of the price of oil. Becoming a problem in the next few years is relatively high.
So in short supply demand or things we've heard that there's not enough supply of basically pipelines to get the the the shale out of the Permian it's like that. Is that a good investment. Are you interested in that to try and fix that get control of the government. Yeah. I mean the main you have they told you we just bought a refinery in Tacoma had the refinery lease back and Tacoma gets to buy Canadian and Bakken crude at a significant discount.
Because the people in British Columbia turned down a pipeline to carry that crude to the ocean. So to the extent these are political problems have go on the policy side. I'd rather make predictions. Supply and demand.
