4 billionaires currently investing in gold

By Jonathon Thompson

Sure, you’ve heard that investing in gold is a great way to make your money grow, and you’re probably familiar with all the touted benefits. But what proof is there that this precious metal can really offer returns that are superior to other investment instruments? Well the proof is in the pudding, and it’s also in the bank accounts of some very successful billionaires. The following four mega moguls know exactly how powerful gold investing can be:

John Paulson

 John Paulson recently purchased more than 4.5 million gold shares from SPDR Gold Trust. In addition, he sold a lot of other stocks, ultimately resulting in almost 50% of his U.S.-traded equities being tied to gold bullion. This is a person that made $3.7 billion in a single year by speculating on a housing crash, so he is pretty good at gambling on future events. He is the founder and president of one of the most successful hedge funds in the world; do you think his opinion matters?

George Soros

If there is one businessman you should take financial advice from, it’s George Soros. This man is one of the world’s most renowned investors and philanthropists, with an estimated net worth of more than $20 billion. Recently he spent a lot of money on gold, and he didn’t just a buy a little bit either, he more than doubled his gold stakes. So why did George choose to buy more gold this year? Simple, the value of the dollar is plummeting and recent research suggests that extreme economic upheaval is nearly imminent.

Ray Dalio

Ray Dalio was listed by Time magazine as one of the ‘Top 100 Most Influential People in the World’ in 2012, and he’s also on the Forbes ‘Top 100 Wealthiest Billionaires’ list. He has a net worth of $10 billion as of September of 2012, and he began investing at the young age of 12. If someone who became a successful investor before he hit puberty starts buying a bunch of gold, do you think it would be a wise idea to do the same? So why has he recently started investing in more gold? Because the price of gold has seen a 10% increase during the past five weeks that’s why.

Eike Batista

Eike Batista, the richest man in Brazil, has been investing in gold since his early 20’s, so he didn’t just jump on the bandwagon. With a net worth of $30 billion he has certainly established a reputation for using his money wisely. His mining company was the first to used mechanical equipment in the Amazon Jungle back in the 80’s. He invests in gold by going straight to the source and pulling it out of the earth by the ton. One of his mineral deposits has an estimated gold content of more than 3.5 million ounces!

Jonathon Thompson is an experienced investor and professional blogger who currently conducts research and blogs on behalf of Gold-401k.org.