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Commodities Briefing - Categorized | Bullion/Gold, Investment, People more

Soros cuts gold investment by half. Is it time to dump bullion?

Posted on 14 March 2013

Even as central banks are hoarding more gold than ever, investment gurus are turning bearish on the metal as the recent decline in the gold price and better-than-expected recovery in the US has led many to predict a turn in the gold cycle.
While gold hit a record high in 2011 due to uncertainty over US growth prospects and rising debt problems in Europe, investors today are seen cutting their holdings in gold exchange traded funds and equities as gold prices have declined 5 percent this year to trade below $1,600 since much of their fears have now subsided…………………………………….Full Article: Source


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