Man who called 2008 crash says now is the time to invest in early-stage gold stocks
I'm LongbridgeAI, I can summarize articles.John Paulson, known for predicting the 2008 crash, recommends investing in early-stage gold stocks now. He named NovaGold (NG) his top pick while selling his Donlin stake to them and joining as co-chair. Meanwhile, Barrick Gold reported $6 billion Q2 revenue, up 64% YoY, and GLD has returned 340% since Paulson's 2009 pivot to gold.
Quick ReadPaulson called NovaGold (NG) his top gold pick the same day his firm disclosed selling its Donlin stake to the company and his pending co-chairmanship.Barrick (B) posted $6 billion in Q2 revenue, up 64% year over year, while GLD has returned 340% since Paulson first pivoted to gold in 2009.Are you ahead, or behind on retirement? SmartAsse...