The Sunday Herald – John Paulson, the billionaire hedge fund manager, whose bet against the overheated US housing market made him one of the world’s wealthiest and most controversial hedge fund managers – is playing the gold market in a big way amid predictions the price of the yellow metal could leap as high as $1600 an ounce before the end of the year.
He earned an estimated $5 billion (£3.06bn) in 2010, much of which was made by investing in bullion, and hopes to do better this year as the price of gold soars.
