Wednesday, December 31, 2014

Billionaires George Soros and John Paulson increased Their Stakes in Gold

Billionaire investors George Soros and John Paulson increased their stakes in gold as gold prices are “on the cheap,” and rumors of a massive inflation storm are heating up.

Soros Fund Management more than doubled its investment in the SPDR Gold Trust (GLD) to 884,400 shares, a U.S. Securities and Exchange Commission filing for the quarter holdings showed.

Paulson & Co. increased its holdings by 26 percent to 21.8 million shares.

What do they know that most people don't?

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