"Historic opportunity" warning for gold and silver: Expert recalls 2008 and 2020

Billionaire investor and hedge fund manager John Paulson described the recent sharp selloff in gold and silver as a historic buying opportunity, comparing current conditions to the 2008 financial crisis and the 2020 pandemic crash. The precious metals have fallen sharply from their recent highs, with gold and silver posting steep declines that Paulson attributed to forced liquidation and margin calls rather than a change in fundamentals. He argued that similar panic-driven drops in 2008 and 2020 were followed by powerful recoveries, and said the current levels represent a "once in a lifetime" entry point. The call comes as investors weigh whether the metals' long rally has ended or merely paused, with attention now on whether prices stabilize and on upcoming Federal Reserve policy signals. Paulson's remarks matter because his crisis-era bets made him a billionaire, and his public calls can influence sentiment in the gold market.