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Michael Burry’s actions tend to make headlines.
The hedge fund manager bet against the U.S. housing market in 2008 and won big – a move depicted in the hit movie “The Big Short.”
And in 2024, its investments are once again making headlines.
Burry’s company, Scion Asset Management, made numerous adjustments to its portfolio in the first quarter of 2024, according to a filing with the Securities and Exchange Commission.
Notable moves by Burry include selling its stakes in Amazon and Alphabet and increasing its stakes in Chinese companies JD.com and Alibaba.
Burry also made a substantial bet on gold by purchasing 440,729 shares of Sprott Physical Gold Trust, valued at $7.6 million at the end of the first quarter of 2024, making it the fifth position in his portfolio. The closed-end fund’s official website states that it holds “substantially all of its assets in physical gold bullion.”
There are many options for potential gold investors to choose from. In fact, the process can be quite intimidating. Having an expert on your side to help you sift through hundreds or thousands of options can be a game-changer.
Gold has exploded recently, surpassing $4,000 per ounce in October 2025. With gold trading at an all-time high, investors need to ask themselves, “Is there still upside potential ahead?”
During periods of previous economic turmoil, gold tends to outperform. Those looking to add some defensiveness to their portfolios should consider looking into this alternative asset class.
Of course, there are many ways for investors to gain exposure to gold. Buying physical gold coins or bars and storing them in a vault is the simplest option. However, this strategy comes with storage and insurance costs, as well as the risk of theft or loss of your physical assets.
Next, invest in gold mining stocks or companies that refine and/or use precious metals in some way. These companies can provide excellent leverage against rising gold prices, but may also present greater downside risk. This is the name of the game for companies whose revenues are denominated in gold and whose debt and operating costs are denominated in dollars.
Finally, there are a range of gold ETFs and retirement accounts that may be better suited to many investors. These are generally more liquid in nature, can be bought and sold at any time without the premiums and discounts typically associated with purchasing physical gold, and do not need to be stored. Some ETFs track the price of gold futures, while others hold physical gold. So it’s important to read the fine print before choosing a specific fund to invest in (or choosing a few for diversification, if that’s your game).
Even if you’re not trading with billions, stock market investing can go a long way toward wealth creation. If you want to create your own portfolio while also wanting to access real-time information offered by experts, you can take advantage of the services offered by Moby.
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Moby’s success speaks for itself. The platform’s stock picks have outperformed the S&P 500 Index by 11.95% on average over the past four years. And that’s on top of the S&P’s already consistent annualized returns — about 10% per year on average since the index’s inception in 1957.
Read more: Warren Buffett Used 8 Solid, Repeatable Money Rules to Turn $9,800 into a $150 Billion Fortune. Start using them today to get rich (and stay rich)
Individual retirement accounts (IRAs) are a popular way to save for retirement, offering tax advantages that can help you grow your savings over time. Traditional IRAs allow you to contribute pre-tax income, tax deferred until you withdraw the funds in retirement. Roth IRAs, on the other hand, involve contributions made with after-tax dollars, providing tax-free growth and tax-free withdrawals in retirement.
A gold individual retirement account (IRA) is a specific type of IRA that allows investors to include physical gold and other precious metals in their retirement savings. This type of IRA offers the same tax benefits as traditional and Roth IRAs, but offers the added benefit of diversifying your portfolio with tangible assets. Gold IRAs are attractive because gold is often seen as a hedge against inflation and economic uncertainty, helping to protect your retirement savings from market volatility.
Priority Gold is a leader in the precious metals industry, offering physical delivery of gold and silver. Additionally, they have an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link.
If you want to convert an existing IRA to a Gold IRA, Priority Gold offers 100% free rollover, as well as free shipping and free storage for up to five years. Qualifying purchases will also receive up to $10,000 in free cash.
To learn more about how Priority Gold can help you reduce the impact of inflation on your nest egg, download their free 2025 gold investor offer.
If you believe in the long-term potential of the yellow metal, a gold IRA could be a valuable addition to your retirement strategy. However, many advisors caution that this should only be a small portion of a diversified portfolio, between 5% and 10%.
This article provides information only and should not be considered advice. It is provided without warranty of any kind.
