John Paulson, the billionaire hedge fund manager, is making some major moves in the market. He’s significantly increased his investment in the gold mining sector and added a new stake in a tech giant.
A Gold Rush?
Paulson’s firm, Paulson & Co., recently purchased $33.72 million worth of International Tower Hill Mines Ltd. (THM) stock. This boosted their holdings by over six million shares, giving them a whopping 37% ownership of the company. This move comes as gold prices are soaring, exceeding $3,000 an ounce. The THM stock itself has jumped 40% in the last month. Paulson’s history of investing in gold miners makes this latest move unsurprising.
Tech Titan Google
In a surprising shift, Paulson also added a new $23.73 million position in Alphabet Inc. (GOOGL), Google’s parent company. He bought 126,000 shares, showing confidence in the tech giant’s future.
Paulson’s Strategy
Paulson is known for his successful bets, including his 2007 subprime mortgage crisis prediction. His recent investments show a strategy of balancing safer investments (like gold) with growth potential (like tech). He’s clearly looking for opportunities in these uncertain economic times.
Disclaimer:
This information is for general knowledge only and is not financial advice. Always do your own research before making any investment decisions./p>
