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Paulson: Rationale for owning gold is valid

Wednesday, 17 Jul 2013 | 1:49 PM ET

CNBC's Carl Quintanilla speaks to John Paulson, founder and president of Paulson & Co., about his firm's investments, and his level of concern about the Fed's monetary policy. "Although the Fed has printed a lot of money, to date there is little inflation," he says in discussing the gold market.