I have a bias as I posted about him July 2006 about shorting subprime with 1.8 billion and been following him since. This guy is not dumb and puts a ton where his mouth is. His position of 80% of his money in gold is amazing to me. He states 2500-4000 an ounce. If he is right then we are screwed. Heres a little about what I posted and what happened later from 06-07. http://inlandempirecrash.blogspot.com/2007/04/broken-clock-right-twice-day-i-think.html
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Gold will not do well in high rate environment as it never has unless in a bubble. So there would have to be a “this time is different” scenerio he must be looking at or maybe just a frenzy.
