Michael Burry Increases Stake in Gold Fund to Record Levels
Wednesday, 15 May 2024, 17:16
Renowned Investor Michael Burry Makes Gold His Top Investment
Michael Burry, the famous investor known for his successful bet against the housing market in the 2008 financial crisis, has recently increased his stake in the Sprott Physical Gold Trust (PHYS).
Key Points:
- Significant Investment: Burry's holdings in the gold fund now exceed 440,000 units.
- Market Confidence: This move reflects Burry's confidence in gold as a safe haven asset.
- Strategic Positioning: The shift towards gold signals a cautious approach amidst economic uncertainties.
Michael Burry's latest investment in gold highlights his strategic outlook on the current market conditions, making it a noteworthy development for investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.