John Paulson wants you to know gold looks great right now. Owns a f*ckload of it himself. Just thought you should be aware of this unbiased assessment.
Central banks are buying gold. This is Paulson's evidence that you should buy gold. Central banks also employ thousands of economists who've been consistently wrong about inflation for three years straight. But sure, follow their lead. They're on a real hot streak.
Private sector interest is growing too. Which means retail traders just discovered gold exists as an asset class sometime around March 2024. Been available for roughly five thousand years, but they needed Paulson to point it out. Probably saw it on TikTok between a dropshipping course and someone explaining why they're actually a sigma male.
Early stages of a long-term bull market. This is what billionaires say when they want you to buy the thing they already bought two years ago at better prices. It's early stages the same way a poker player tells you the hand is just getting interesting right before he goes all-in with pocket aces.
The technical setup on gold is clean. Been in an uptrend since October 2022. None of that has anything to do with central bank demand or Paulson's opinion. Price goes up, momentum follows, retail buys the top while reading headlines about billionaires who got in early. Tale as old as time.
Demand continues to broaden. That's finance-speak for "more suckers are arriving." When billionaires start doing press tours about their positions, they're not trying to help you retire early. They're making sure there's enough liquidity for them to distribute into when they're ready to exit.
But hey, Paulson called the housing crisis in 2008, so clearly everything he says is gospel forever. Man made one legendary trade eighteen years ago and gets to spend the rest of his life telling people what to buy. Must be nice having a permanent media pass for being right once.
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