(Kitco News) - As a longtime financial journalist, I have attended many investment conferences, most of which focus on precious metals and the mining sector. However, I want to take a moment to talk about one conference that has always been my favorite.
For the first time ever, Montreal will host the Sohn Investment Conference. This one-day event brings together major fund managers who share their top investment ideas. The best part is that the conference raises money for pediatric healthcare research.
All proceeds from the 2025 Sohn Montreal Investment Conference will benefit the city’s two pediatric hospitals, the Montreal Children’s Hospital and Sainte-Justine Hospital.
The Sohn Conference in New York has raised more than $50 million over the past 30 years.
Not only is this a fantastic charity event, but it also has an interesting gold angle, as the precious metal is often recommended or mentioned by fund managers. Billionaire investors like Stanley Druckenmiller, former chairman and president of Duquesne Capital; Jeffrey Gundlach, founder of DoubleLine Capital; and David Einhorn, founder of Greenlight Capital, have all recommended buying gold in their presentations over the years.
This past week, Einhorn did an interview with CNBC at the Sohn New York Conference and talked about gold, noting that it has been a fabulous investment this year.
His investment firm reported a net return of 8.2% in the first quarter. At the same time, Einhorn’s gold allocation—a mix of physical bullion and call options—saw gains of 19%. When asked where he sees gold going, his answer was simple: “It’s going higher.”
Einhorn said he is bullish on gold because of unsustainable government spending and rising debt levels.
His comments come during a difficult week for the precious metal, which ended with a 4.6% loss—its biggest decline since mid-June 2021.
However, Einhorn’s broader outlook on gold is one reason many analysts expect this long-overdue correction to be relatively short-lived. Fears over a potential recession and higher inflation have eased significantly in recent weeks, but these issues haven’t been completely resolved.
The U.S. and global economies continue to face significant uncertainty, and ultimately that will support gold’s safe-haven appeal—even if prices have room to fall further in the near term.
That’s it for this week. Have a great weekend.
