{"id":329951,"date":"2010-02-17T06:14:00","date_gmt":"2010-02-17T11:14:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/soros-doubled-his-gold-2010-2"},"modified":"2010-02-17T06:14:00","modified_gmt":"2010-02-17T11:14:00","slug":"soros-betting-hard-against-fiat-currencies-and-pouring-into-the-ultimate-bubble","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/329951","title":{"rendered":"Soros Betting Hard Against Fiat Currencies And Pouring Into &#8216;The Ultimate Bubble&#8217;"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/07b9b914dc5af3488a1d3f00-400-\/sorossmall.jpg\" border=\"0\" alt=\"sorossmall\" width=\"400\" \/><\/p>\n<p><div style=\"float: left; padding: 15px 15px 15px 0;\">\n<script type=\"text\/javascript\">\/\/ <![CDATA[\ntweetmeme_source = 'clusterstock'; tweetmeme_service = 'bit.ly';\n\/\/ ]]><\/script><br \/>\n<script src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\" type=\"text\/javascript\"><\/script>\n<\/div>\n<p>George Soros&#8217;s Soros Fund Management charged into gold during the fourth quarter, doubling its stake in the world&#8217;s largest gold ETF.<\/p>\n<p>Note that he did this despite the fact that gold prices had already run up substantially by 4Q.<\/p>\n<p>It&#8217;s also despite the fact that in Davos he recently said that gold was the &#8216;ultimate asset bubble&#8217; and that there was &#8216;<a href=\"http:\/\/www.businessinsider.com\/soros-buy-bubbles-china-dollar-2010-1\">no alternative to the dollar<\/a>&#8216;.<\/p>\n<p>These are the actions of a true trend trader, it seems:<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2010-02-17\/soros-more-than-doubles-gold-etf-holding-in-fourth-quarter.html\">Business Week:<\/a><\/p>\n<p style=\"padding-left: 30px;\">The $25 billion New York-based firm became the fourth- largest holder in the SPDR Gold Trust, adding 3.728 million shares valued at $421 million, according to a filing with the U.S. Securities and Exchange Commission yesterday. Its investment was worth about $663 million, the fund&rsquo;s largest single investment, as of Dec. 31.<\/p>\n<p style=\"padding-left: 30px;\">Soros joined China Investment Corp. and central banks including those in China and India in acquiring gold. China Investment, the $300 billion sovereign wealth fund based in Beijing, took a 1.45 million-share stake in the SPDR Gold Trust worth $155.6 million, according to a SEC 13F filing posted on Feb. 5.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.businessweek.com\/news\/2010-02-17\/soros-more-than-doubles-gold-etf-holding-in-fourth-quarter.html\">Read more here &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/soros-doubled-his-gold-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/soros-the-greeks-will-pull-out-all-the-stops-to-stay-in-the-euro-2010-2\">Soros: Globalize Regulation Or Lose Global Markets<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/soros-buy-bubbles-china-dollar-2010-1\">Soros: When I See Bubbles, I Buy Them<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/brevan-howard-drops-goldman-and-banco-bradesco-picks-up-gold-2010-2\">Hedge Fund Brevan Howard Drops Goldman, Picks Up Substantial Gold Stake<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/fQBD4qNtxK4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>George Soros&#8217;s Soros Fund Management charged into gold during the fourth quarter, doubling its stake in the world&#8217;s largest gold ETF. Note that he did this despite the fact that gold prices had already run up substantially by 4Q. It&#8217;s also despite the fact that in Davos he recently said that gold was the &#8216;ultimate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-329951","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=329951"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329951\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=329951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=329951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=329951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}