Paulson: Gold Is in the Early Stages of a Long-Term Bull Market
Claire Weston
Hedge-fund legend John Paulson told CNBC that gold is at the starting point of a long-term bull market — his most explicit public endorsement of bullion in recent years.
What exactly did Paulson say?
Paulson told CNBC on Wednesday: "We are at the beginning, or the early stages, of a long-term gold bull market."
This is not vague optimism. It is a direct call on gold's long-term direction — he believes the rally has barely begun.
Why does his view carry weight?
Paulson rose to fame by shorting the subprime mortgage market before the 2008 financial crisis — often called "the greatest trade ever."
He has held gold-related assets for years since. This means → he is not a late convert; he is a long-standing gold bull with real money behind the view.
In plain terms = he has both a proven macro track record and skin in the game, so this is not idle commentary.
What does this mean for ordinary investors?
Paulson's statement is not a buy recommendation in itself, but it signals that the bullish consensus on gold is strengthening among professional macro hedge funds.
This reflects the broader macro backdrop — inflation expectations, geopolitical risk, central-bank gold purchases — pushing large allocators to re-examine gold's portfolio role.
One caveat: Paulson holds gold positions himself, so his public endorsement aligns with his own book.
Content is for reference only, not financial advice.