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Paulson & Company's golden portfolio
Monday, May 18, 2009
The chart pretty much speaks for itself, but for those of you who need a little help figuring it out, anything that's yellow-ish is either gold bullion or gold mining stocks (all data is from the March 15th, 2009 Paulson & Co. Inc. 13F filing from the SEC).
The position in the SPDR Gold Sharest ETF (NYSE:Arca:GLD) is almost one-tenth of the ETF's entire net asset value, the equivalent of somewhere around 100 tonnes of gold.
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Full Disclosure: Long GLD and various gold mining stocks at time of writing
(though not nearly as long as Mr. Paulson's hedge fund)
Full Disclosure: Long GLD and various gold mining stocks at time of writing
(though not nearly as long as Mr. Paulson's hedge fund)
8 comments:
What I don't understand is why Paulson hired Greenspan as a consultant and why he bothered to buy Yahoo stock.
What is the meaning to the method of his madness? Why would someone who saw the writing on the wall with housing and is a gold bug do those two things?????
Please post a link to provide *EXACT* information on the company.
We don`t want you to later claim that this company is not THE company.
Maybe Paulson got confused as he worked at "GOLDman Sachs" and maybe he thought he was supposed to buy gold!? I would have guessed a large position in Gillete, as he must go through tons of shanvers to keep that head clean shaven.
Link to source data just added...
Wait, is this the Paulson that used to be the former Treasury Secretary????
Isn't this in poker called a 'tell'?
This is NOT Hank Paulson. It's John Paulson. The guy who made 900% in a year betting on the collapse of the financial sector.
Thats a sizeable position in gold and gold related investments.
Was this done as a hedge for inflation or for instability in world markets?
Probably both...
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