Reported 1 day ago
Investor John Paulson, known for his successful bet against the U.S. housing market, has finally found significant success in his long-term investment in gold. Despite a challenging investment journey since he began betting on the precious metal over 15 years ago, his stakes have recently paid off amidst a surge in gold prices. Paulson has committed an additional $800 million to acquire a stake in a gold mine in Alaska, as he believes in gold's enduring value as a hedge against inflation and economic uncertainty.
Source: YAHOO