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How John Paulson Lost $630 Million

UPDATE: Including the 6/20 sell-off, Paulson’s GLD position has lost more than $800 million as GLD sank well below $125. It has been a rough couple of months for gold bugs. With the precious metal slowly declining in price since the start of 2013, April’s nose dive has driven many investors out of the commodity once considered a “ safe haven .” Down nearly 17% this year and almost 30% from September 2011 highs, the best years of gold investing seem behind us. What was once thought of as a darling of the commodity space is now an asset that has destroyed a number of portfolios in recent years, and even fooled a few famous traders [for more commodity news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: Jim Rogers: The Gold Correction Is Not Over Jim Rogers: Gold Will Resume Its Bull Market When Goldman Sachs Says Short Gold, It’s Time To Buy Inside APMEX: A Physical Gold Dealer Germany To Repatriate Gold: Irrational Or Logical Solution?
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