‘Big Short’ investor Michael Burry made a million-dollar bet on gold and won. Will the gold rush continue in 2026?

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Michael Burry’s moves thin to marque headlines. The hedge money manager famously stake against the U.S. lodging marketplace successful 2008 and won large — a determination depicted successful the deed movie The Big Short.

And backmost successful aboriginal 2024, his investments were making headlines again.

According to a filing with the Securities and Exchange Commission, Burry’s institution Scion Asset Management made rather a fewer adjustments to its portfolio successful Q1 of 2024 (1).

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Among Burry’s notable moves were selling his stakes successful Amazon and Alphabet and expanding his holdings of Chinese companies JD.com and Alibaba.

Burry besides made a important stake connected golden by purchasing 440,729 shares of Sprott Physical Gold Trust, valued astatine $7.6 cardinal successful Q1 2024, making it the fifth-largest presumption successful his portfolio.

But did helium merchantability excessively soon? Scion sold disconnected each its holdings successful Sprott conscionable 1 4th later, making a reasonably humble nett of astir $1 cardinal connected the shares, which were worthy an mean of $18.14 each astatine the clip of merchantability (2).

However, if helium had kept his presumption successful Sprott done 2025, erstwhile stock prices reached a highest of $42.07 (3), Scion mightiness person made a whopping $18.5 cardinal from the sale.

This shows that adjacent adept investors can’t ever clip the market. But Burry’s bearish instrumentality connected the yellowish metallic isn’t needfully impervious that the clip to merchantability golden is astatine hand.

Here’s wherefore golden could inactive beryllium a buy-and-hold enactment for your portfolio, and however to put wisely successful this asset.

Gold has been connected rather the travel implicit the past 12 months.

The metal’s record-breaking teardrop successful 2025 crescendoed with its terms topping $5,608.35 per ounce successful precocious January 2026, earlier dipping to $4,660 successful aboriginal February (4).

While this dip mightiness interest some, Burry attributed it to the immense nonaccomplishment successful crypto prices happening astatine the aforesaid time.

“It looks similar up to $1 cardinal successful precious metals were liquidated astatine month’s precise extremity arsenic a effect of falling crypto prices,” helium wrote successful a Substack post, suggesting that investors were attempting to de-risk their portfolios by selling disconnected golden and metallic (5).