Famous Hedge Fund Manager Holds on to Gold, Boosting Confidence in Buillion

Nov. 15, 2012 10:33AM PST

Bloomberg reported that hedge fund manager John Paulson maintained a hefty stake in gold in his portfolio, throughout 2012, a nod to the enduring value of the investment in the face of U.S. economic uncertainty.

Reuters reported that hedge fund manager John Paulson maintained a hefty stake in gold in his portfolio, throughout 2012, a nod to the enduring value of the investment in the face of U.S. economic uncertainty.

As quoted in the market report:

Analysts read the third-quarter filing by Paulson as a sign that the manager, who found fame and fortune on a bet against the U.S. housing market in 2007 and also a well-known gold bull, has not lost his faith in the precious metal as a long hedge against inflation.

To view the whole Reuters report, click here.

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