Bloomberg · Sunday, Nov. 21, 2010
Gold’s 24% surge this year to a record is proving no deterrent to George Soros, John Paulson and Paul Touradji, whose investments signal more gains for the longest winning streak in at least nine decades.
Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP listed investments in gold as their biggest holdings. Exchange-traded products own 2,088 metric tons, equal to nine years of U.S. mine supply, data compiled by Bloomberg show. Precious metals will produce the best commodity returns in the next year, Goldman Sachs Group Inc. said in a Nov. 9 report.
Read more: http://www.financialpost.com/news/Soros+gold+bubble+expanding/3865903/story.html#ixzz16AGCjcW5
Eric from JSMineset also comments on the Gold ETF's
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In our opinion, Gold ETF's are nothing but modern day alchemy. People must learn, there is NO substitute for real Gold in your hand. Our U-Vault Account allows clients to actually hold the Gold in their hand before it goes in the vault for storage. There are no custodians, subcustodians, derivatives or intermediaries. It's YOUR Gold, fully allocated, segregated and sealed in the vault, period. BK
