"Big Short" Michael Burry Heavily Invests in Gold for Q1! 💎

📈 Burry, the head of Scion Asset Management, purchased over 440,000 shares of Sprott Physical Gold Trust (PHYS) in Q1, totaling over $10 million. This move places PHYS as the top holding in his portfolio. $Barrick Gold (GOLD.US)$
The Sprott Physical Gold Trust is a closed-end fund that holds physical gold directly, rather than gold derivatives or stocks. Currently, the market price of PHYS is below its net asset value (NAV), offering investors an attractive discount.

🌟 Alongside his bullish stance on gold, Burry also increased his investments in China's two e-commerce giants, $JD.com (JD.US)$ and $Alibaba (BABA.US)$ , which occupy the second and third spots in Scion's top 10 holdings. His other major holdings include $HCA Healthcare (HCA.US)$ , $Citigroup (C.US)$ , and $Block (SQ.US)$ .