billionaire's 44% of assets now in gold assets, page-5

Timber,
Paulson destroys his business if he's incorrect. If he has calls it right then he makes billions. That's his job.
I'm sure that many people sat on the sidelines and pooh-poohed when Paulson was taking huge, risky positions against the entrenched sub-prime industry. If he has got that call wrong then he would also have 'destroyed his business'. He didn't and now he taking a similar large position on the future of gold vs fiat.
The fact that somebody with a proven record of making huge correct calls against the prevailing 'wisdom' of the day is hugely bullish for gold. That he is 'doubling down' just underlines his faith in his long-term strategy. To turn $2 million into tens on billions requires fairly good long-term instincts.