Investment Moves - Michael Burry's Scion Asset Management made significant portfolio adjustments in Q1 2024, including selling stakes in Amazon and Alphabet while increasing holdings in Chinese companies JD.com and Alibaba [2] - Burry purchased 440,729 shares of Sprott Physical Gold Trust, valued at $7.6 million, making it the fifth-largest position in his portfolio [3] Gold Market Insights - Gold prices have surged, surpassing $4,000 USD per ounce in October 2025, prompting questions about potential further upside [4] - Historically, gold tends to outperform during economic turmoil, making it an attractive alternative asset class for investors seeking defensiveness in their portfolios [4] Investment Strategies in Gold - Investors can gain exposure to gold through various methods, including purchasing physical gold coins or bars, though this comes with storage and insurance costs [5] - Investing in gold mining stocks or companies involved in precious metals can provide leverage to rising gold prices, but also carries more downside risk due to the nature of their revenue and cost structures [6]