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How Did An Investment Pro Lose Money Investing In Gold?

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12/24/11 05:06
Gold Mine

How Did An Investment Pro Lose Money Investing In Gold?

Thank author of this post/commentDespite the recent set back in gold prices due to panic selling by investors, gold has still racked up an impressive 15.7% gain with a price increase of $218 per ounce since the first of the year. So how does a hedge fund manager with one of the best track records in the industry wind up losing over 10% on his gold portfolio? The man who can answer this question is John Paulson, famous for his billion dollar gains betting against subprime mortgages before they collapsed in price.

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