2012-05-16 — zerohedge.com
Will this get as much coverage as every time Soros has sold gold? Doubtful.
Prudent money with an understanding of gold's long term diversification benefits continues to accumulate gold as seen in the latest SEC filings.
Billionaire investor George Soros significantly increased his shares in the SPDR Gold Trust in the first quarter. Soros Fund Management nearly quadrupled its investment in the largest exchange-traded gold fund (GLD) to 319,550 shares - compared with 85,450 shares at the end of the fourth quarter.
John Paulson maintained his large stake, the ETF's largest stake and other large and respected institutional buyers were PIMCO and the Teacher Retirement System of Texas.
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