'Big Short' Investor Who Predicted The 2008 Housing Crash Just Placed His Next Big Bet

Burry sees another crash coming. Here's what he just invested in

Written by Clayton Keirns
Legendary investor Michael Burry, the man who predicted the 2008 housing crash and netted $700 million, is making headlines again. 

You might remember Burry from the award-winning film "The Big Short", which told the story of how he spotted the signs of a financial crash in 2007 and was ruthlessly ridiculed at every corner.

However, he was confident in the trends he researched, and he turned out to be 100% correct.

Now, just a few months after making a $1.6 billion bet against the stock market, he is now dumping his money into another asset - GOLD.

In his latest 13-F filing, Burry's Scion Asset Management revealed a massive new position: buying over 440,000 units of a trust that invests in physical gold. This investment is now the firm's top buy in Q1 2024, accounting for 7.4% of his portfolio. This isn't just a casual purchase; it's a strategic move by a man who sees the writing on the wall.

Why gold, you might ask? Why now? Well, Burry's latest investment returned 16% in the first three months of 2024, outperforming the 11% gains showcased by the S&P 500. This isn't just about short-term gains, though. Burry is a long-term investor. He sees gold as a safe haven, a hedge against the rampant inflation and market volatility that we're all experiencing.

This move comes just a few months after he dumped over $1.6 billion into options betting against the broader markets.

Mr. Burry's bet on a market downturn amounts to more than 90% of his firm's portfolio, CNN reports.

However, Burry now sees something to "double down"

It's easy to see why.

Gold surged in price to record highs during major recessions over the last 50 years. Its negative correlation with the stock market, high exchangeability worldwide, and easy access make it a must-have in any serious investor's portfolio. 

Let's not forget, this isn't Burry's first rodeo. He’s seen the government print trillions of dollars, and he knows the inflationary pressures that come with it. Since the start of 2021, gold prices have jumped from $1,800 to over $2,400 per troy ounce. Both Burry and John Paulson, another billionaire hedge fund manager, believe that gold will benefit immensely in the foreseeable future. They see gold as a buffer against the inevitable financial storm that's brewing.

If you haven't already, it's time to seriously consider how you're protecting your wealth. Are you holding real assets? Are you prepared for the worst? Because if Michael Burry, the man who saw the 2008 crash coming, is betting big on gold, maybe we should all take a page from his book. Gold is a hedge against inflation, a store of value, and in times like these, it's one of the safest investments you can make.

The "Triple Whammy" Is About To Hit The American Economy. Can Your Money Survive?

Now that there is a growing fear in the market, you need to ask yourself "If the market were to crash right now, could my portfolio survive?"

If the answer is no, you need to seriously consider protecting your assets now before it's too late.

The storm is brewing, and when it hits, it will be too late to take cover. The signs are all there—rising bond yields, overvalued stocks, and a looming recession. Don’t be caught off guard like investors were in 1987. Take action now to safeguard your financial future.


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