(Kitco News) - Despite its criticism of being an outdated relic, billionaires appear to be taking a new interest in gold. According to updated regulatory filings, Michael Burry’s Scion Asset Management is now betting big on precious metals. In the first quarter, Burry bought 444,000 units of the Sprott Physical Gold Trust (PHYS), which is valued at more than $10 million. Scion’s PHYS holding represents slightly more than 7% of total holdings. Burry’s bet in the precious metal came as gold prices surged to r ...