If You Follow the Smart Money, Gold is Clearly the Smart Play
Mar 30th, 2009 | By Money Morning Staff | Category: Featured, Gold MarketAt 53 years of age, John A. Paulson manages about $30 billion in his hedge funds. Over 2007 and 2008, he pocketed $10 billion in profits after he correctly bet that the subprime-mortgage market would crash. His Credit Opportunities Fund earned nearly 500% gains in that year.