RICH PICKINGS: Paulson's Midas touch

John Paulson, the famed Wall Street trader who managed to spin gold from America's sub-prime mortgage disaster, has turned his attention to the real thing. Should we believe the hype?

With gold prices soaring, investors are watching everything to do with the precious metal very closely. And there’s been plenty to watch.

In recent weeks, the Indian and Russian central banks have been bolstering their gold reserves, pushing up the gold price and putting pressure on the greenback.

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