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World's best money manager owns astounding amount of gold stocks
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Monday, May 18, 2009
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From Fund My Mutual Fund:

Now that SEC filings for 1st quarter 2009 have come in, a very quick look at some moves from the hottest hedge fund managers over the past 3 years, John Paulson and the venerable George Soros.

Paulson continues to grow his gold stash as he views inflation rather than deflation as the coming scourge. Amazingly his fund now owns 8.7% of the entire SPRD Gold Trust (GLD) - wow. And if I read this correct a 15% stake in the Gold Miners ETF (GDX).

Read full article...

More on John Paulson and gold stocks:

The No. 1 reason to buy gold

Billionaire hedge fund manager explains trade with 100% upside and only 1% downside

Topics: Gold | Inflation | Stocks
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