Remember, a bet on gold is a bet against Ben Bernanke and the geniuses at the Fed and the Treasury.

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Paulson also maintained his bet on gold, through a 31.5 million share stake in the SPDR Gold Trust exchange-traded fund.

FORBES: John Paulson Cuts BofA, Citi Stakes, Adds To Capital One And Wells Fargo, Stands Pat On Gold

Recently, he shifted some of the organization's gold bullion into an equivalent bet on gold using futures, a move that freed up cash that was plowed into stocks.

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