After someone turns a couple hundred million dollars into billions in a few short years, it seems worthwhile to pay attention to what they do in the future. John Paulson is best known for betting against the housing market in 2006. His fund started with about $150 million, and he delivered gains of more than $20 billion to his investors by the end of 2009.
Paulson then moved into gold, allocating 44% of his $21 billion hedge fund to the sector. And his big position in that market delivered big gains.
Now, Paulson likes gold again. He owns more than $3.3 billion worth of SPDR Gold Shares (NYSE: GLD) and has twice that much invested in mining stocks. (more)
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