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Billionaire investors George Soros and John Paulson load up on gold

Posted on 21 November 2012

The famous, billionaire investor George Soros has just recently invested millions of dollars into gold bullion, leaving other investors wary of his view of the US economic recovery; Forbes Magazine however, advises not to follow in his footsteps.
Soros and a fellow investor, John Paulson, have accumulated the largest combined private gold bullion reserve in history. Paulson owns 21.8 million shares in the SPDR Gold Trust, equal to 66 tonnes of gold; more than the reserves owned by Brazil. Soros owns $219 million dollars’ worth of Gold Stock, having increased his holdings by 49% in the third quarter of this year alone………………………………………Full Article: Source

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