Forbes recently reported:
“Multibillionaire hedge fund operator John Paulson, the investment genius who made a killing going short subprime mortgages a few years ago, told a standing room only crowd at New York’s University Club that double-digit inflation is about to rear its ugly head by 2012, killing the bond market, and restoring strength to equities and gold.”
In 2009, Paulson opened up a hedge fund and made some pretty significant bets on gold and gold stocks.
Paulson’s moves have been echoed by China this year. The “communist” nation dumped $33 billion in Treasuries, bringing its total ownership to the lowest level since June of 2009.
More on John Paulson's greatest trade here.
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