Salient to Investors:
John Paulson lowered stakes in gold miners in Q1 and added shares of companies that stand to benefit from a stronger economy.
Paulson has done well investing in companies undergoing mergers or restructurings, but his big bets in the past 2 years on macroeconomic developments have undermined that performance.
Paulson & Co said gold is taking a pause in a long-term upward trend, and continued global central bank printing will drive demand for gold as an alternative currency to paper currencies.
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