Billionaire Paulson says crypto ‘worthless’ bubble, gold poised to surge

Bloomberg/Steven Crabill

Repost from 9-1-2021

graphic image of a golden bull preparing to charge“Ever since John Paulson bet against the U.S. housing market more than a decade ago, people keep asking him about his next big trade.”

USAGOLD note: Paulson believes that because of inflation people will try to get out of cash and fixed income. The amount of cash that becomes available, he says, “dwarfs the amount of investable gold.” The yellow metal, he says, is “primed for its moment.”

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