Since 2007, when John Paulson bet against the subprime housing market, John Paulson developed a reputation of having a remarkable intuition about the direction of the economy and resultant financial realities confronting investors.
Because of Paulson’s success, and that of his firm Paulson & Co founded in 1994, analysts keep a keen eye on his every investing move. In the second quarter of 2012 Paulson invested heavily in the following five companies, including gold, which was a surprise to many observers.
The last time Paulson expanded his gold position was the first quarter of 2009, but today he invested again and now 44 percent of Paulson’s $24 billion fund is invested in the price of gold.
The five major purchases Paulson made last quarter are SPDR Gold Trust; HCA Holdings; JP Morgan Chase and Co; Quest Software, Inc; and Equinix Inc.
I guess it makes sense. As far as I can tell, gold bullion bars are more stable than paper money.
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