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John Paulson bet big on Gold last year will he bet big on housing in 2011?

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  • John Paulson bet big on Gold last year will he bet big on housing in 2011?

    A Gold bull last year and now for 2011 he may be a housing bull.

    Quoted from the WSJ:

    Mr. Paulson amped up profits for himself and many of his investors in a novel way. He was worried about long-term weakness of the dollar and other major currencies, so he devised a way to embed a bet on gold into each of his funds—for those investors who opted for that approach. Mr. Paulson has placed the bulk of his own wealth in these gold-denominated funds and a separate gold-focused fund. Because gold rose sharply in value last year, the gold-denominated versions of his funds rose as much as 45%.

    http://online.wsj.com/article/SB1000..._share_twitter


    And a quote from Forbes from the Fall of last year.

    “If you don't own a home, buy one. If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home."

    http://blogs.forbes.com/robertlenzne...lation-coming/


    At least he isn't talking about guns and ammo!
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