Flight to quality

In the second quarter of 2012, some of the world’s best-known investors began piling into gold as a hedge against inflation following the global financial crisis. Billionaire hedge-fund manager John Paulson led the charge, putting more than 44% of his $21 billion hedge fund into US-traded equities tied to bullion. Other notable investors in gold in recent years include Stanley Druckenmiller, who runs the hedge fund Duquesne Family Office and billionaire investor Ray Dalio, whose hedge fund invested more than $400 million in gold in the second quarter of 2020.

Read about John Paulson's gold investment on Reuters and Bloomberg, and Ray Dalio's gold purchase on Markets Insider.