In 2024, Michael Burry’s Scion Asset Management made significant changes to its portfolio, selling Amazon and Alphabet shares while increasing holdings in Chinese companies JD.com and Alibaba. Burry also bet big on gold, acquiring 440,729 shares of Sprott Physical Gold Trust, worth $7.6 million.

Gold prices surged past $4,000 per ounce in October 2025, prompting investors to consider the potential for further gains. Historically, gold has outperformed during economic uncertainty, making it an attractive option for portfolio diversification.

Investors have various options to invest in gold, from buying physical gold to investing in gold mining stocks or ETFs. Gold offers a hedge against inflation and market volatility, providing a defensive element to a well-balanced portfolio.

While a gold IRA can be a valuable addition to a retirement strategy, experts recommend limiting exposure to 5-10% of a diversified portfolio. Gold IRAs offer tax advantages and the benefit of diversifying with tangible assets to protect against market fluctuations.

Priority Gold is a reputable provider of physical gold and silver, offering free rollovers and storage for up to five years for new gold IRA accounts. By converting an existing IRA, investors can benefit from Priority Gold’s services and receive up to $10,000 in free silver with qualifying purchases.

Read more at Yahoo Finance: ‘Big Short’ investor Michael Burry made a multimillion-dollar bet on gold in 2024. Here’s how to add the precious metal