Originally Posted by Rohirrim
Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump blamed partly on reports he was liquidating his holdings.
Famed gold bull John Paulson held his ground, but Soros was joined in the retreat by several other big names, including Eric Mindich and Paul Touradji, according to 13-F filings with the U.S. Securities and Exchange Commission that provide the best insight into where hedge funds are placing their bets.
Media BS. Soros could have had over a billion in bullion today. Gold has gone up $400/oz in the 3 months since he dumped it in May. That could have quickly been $215 million dollar mistake, but they didn't mention he used the proceeds to buy gold mining stocks.