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"AngloGold Ashanti (AU) has gained some attention lately as one of John Paulson's top picks. He notes that gold stocks have badly trailed metal prices and AngloGold Ashanti is at its lowest valuation in 10 years. Paulson is a big name in American hedge funds and has a multitude of followers in the investing world. His picks are widely watched and accepted.

Many seem to forget that Paulson made his fortune selling subprime mortgages. He made his reputation through bad trades and suspicion of fraud. He is well known for investing almost all of his money in gold. So it comes as no surprise that he would recommend this company. However, that does not mean that this is a bad recommendation.

AngloGold Ashanti is headquartered in South Africa, which gives merit to its mining capabilities. Currently it has 20 operations in 10 countries spanning four continents."

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