Two billionaire hedge fund managers see more gains ahead for gold, even after the precious metal's 16 percent rise in the first quarter, on predictions of further central bank currency debasement. How can investors still score decent returns in this gloomy future where gold is the best asset?
"We believe the March quarter's price action could represent something closer to the beginning of such a move than to the end," hedge fund manager Paul Singer wrote in an April 28 note to clients, according to Bloomberg News. And legendary investor Stanley Druckenmiller also recommended the precious metal to Sohn Investment Conference attendees last Wednesday.
Using data from Kensho, an analytics tool used by hedge funds, CNBC Pro screened for which securities and sectors do well when gold rose 15 percent or more in 90 days.
