While gold's 9 percent drop since Oct. 1 has turned many investors bearish toward the metal, hedge fund heavyweight John Paulson, founder of Paulson & Co., remains steadfast.


Paulson may have changed his gold-derivative positions, but he has let his clients know that he thinks gold is headed higher long term, according to The Journal.

Gold will benefit from continued global central bank easing and the inflation it creates, he believes. But the clients say Paulson hasn't moved to increase his gold exposure.

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