"Paulson is sticking with gold even though it’s proven to be a fickle asset. The metal swung between gains and losses more than 10 times in 2015, gyrating as traders tried to nail down the timing of U.S. interest-rate increases. Other investors have stayed away. Holdings in the SPDR Gold Trust that the billionaire prefers are down about 7 percent in the past 12 months, and tumbled 31 percent in two years." http://www.bloomberg.com/news/articles/2015-05-15/paulson-doesn-t-blink-on-gold-etf-stake-even-as-prices-sputter "Paulson & Co., the largest holder of the SPDR Gold Trust, owned 10.23 million shares in the three months ended March 31, the filing showed. Paulson uses the ETF to back his funds’ gold share classes, which offer holdings denominated in bullion for investors interested in decoupling their assets from the value of the dollar."