Michael Burry: What Happened To You?

This article is really just a short question for the audience that I have. I am perplexed by recent comments that Michael Burry made in an exclusive interview with Bloomberg. In the interview Burry was asked what he thought was a good investment right now.

Here is a brief quote from the Bloomberg article:

Michael Burry, the former hedge-fund manager who predicted the housing market’s plunge, said he is investing in farmable land, small technology companies and gold as he hunts original ideas and braces for a weaker dollar.

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“I believe that agriculture land — productive agricultural land with water on site — will be very valuable in the future,” Burry, 39, said in a Bloomberg Television interview scheduled for broadcast this morning in New York. “I’ve put a good amount of money into that.”

I was shocked by this statement. Burry came to fame as a result of his featured appearance in the bestselling book on the financial crisis The Big Short by Michael Lewis.

Whatever the merits of gold are, this seems more like a macro call than an investment from a value investor. Basically my question is this is an interesting play by Burry. Burry is a pure value investor and as described. He had a fabulous record in equities before turning to shorting the subprime. Burry always looks for cheap securities stocks and credit instruments when he was buying protection when they were dirt cheap before the market realized how ridiculously low priced CDSs and CDOs were. With gold it is hard to estimate an intrinsic value however it seems odd that Burry is buring gold after it has gone up something like 500% over the past decade.

Any answers?