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Billionaire Paulson loses over $300 mln as gold slumps

Posted on 15 April 2013

Billionaire John Paulson lost more than $300 million of his personal wealth on his gold bet, as the precious metal fell to its lowest price in almost two years.
Paulson has roughly $9.5 billion invested across his hedge funds, of which about 85% is invested in gold share classes.Gold dropped 4.1% on Saturday, shaving about $328 million from his net worth on this bet alone………………………………………..Full Article: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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