Wednesday, September 29, 2010

John Paulson Update

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.

No comments:

Post a Comment