Will gold be Paulson's next "Greatest Trade Ever?"

Recent filings showed that another legendary hedge-fund investor, George Soros, has nearly doubled his stake in GLD to 85,450 shares When famed hedge-fund manager John Paulson speaks, people listen. And it's no wonder. Paulson made his way into the financial history books thanks to what many now call the "greatest trade ever." Paulson & Co. shorted the subprime mortgage market before the collapse banking a $15 billion gain. So when Paulson went big again by buying gold in 2009 and 2010, investors took notice. At the time he said, "As an investor, I became very concerned about having my assets denominated in U.S. dollars," Paulson told his audience. "So I looked for another currency in which to denominate my assets in. I feel that gold is the best currency." In fact, Paulson's holdings in the SPDR Gold Trust

Stock Forum) make his firm the biggest stakeholder in this ETF, with a position currently valued at $2.9 billion. Continue reading this article

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