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International Business Times UK
International Business Times UK
Niloy Chakrabarti

'Big Short' Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund

Gold United States Inflation Sprott US Federal Reserve
Gold prices have surged to record levels in recent weeks. (Credit: Michael Steinberg/Pexels.com)

Legendary investor Micheal Burry's bet against the housing market in the 2008 financial crash netted him $700 million—the saga was chronicled in the award-winning film "Big Short."

Since the global financial crisis, Burry's notable investment decisions also showcased strategic foresight. He invested in water assets, predicting future scarcity, and GameStop before it became a meme stock.

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