John Paulson’s performance in three of his portfolios was recently released.Paulson is up 3.37% in his Advantage Plus fund and 1.82% in his Advantage Fund – pretty meager returns.
But his gold-only fund is knocking it out of the park – it’s up 33.6% for the year (its first year).
So the recent gold-mania seems to be treating him well, and it looks like it’s not stopping. Just yesterday Jim Rickards said that a major Swiss bank recently refused to let a client of theirs take out $40 million he had kept in the bank in physical gold.
It’s like we said.
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