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Filings Reveal John Paulson Holding Over a Half Billion USD in Gold

Bloomberg  ( Original )
FEB 15, 2018

Hedge fund titan John Paulson has over half a billion dollars invested in gold, the most recent 13F filings show. Paulson is such a believer in the metal that he even offers “gold share classes, which offer holdings denominated in bullion for investors interested in decoupling their assets from the value of the dollar.”

Gold benefited last year as a weaker dollar and geopolitical angst helped boost demand for the metal as a store of value. Even with the prospect of higher interest rates clouding the outlook, some investors are betting gold will rally further this year amid economic uncertainty. On Monday, Ray Dalio said risks of a recession in the next 18 to 24 months are rising.

Dalio, who has made more money for his hedge fund clients than any other hedge fund manager in history, recently added millions to his gold holdings as well.

On Wednesday, gold futures posted the biggest gain in almost 11 months as an unexpected decline in U.S. retail sales clouded the economic-growth outlook, boosting demand for the metal as a store of value.

ORIGINAL SOURCE: Paulson Maintained SPDR Gold Stake as Dollar Boosted Metal by Luzi-Ann Javier at Bloomberg on 2/14/18