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« 'Strange Gold Trading When One Guy, John Paulson, Owns 21% Of The ETF' | Main | How To Waste A Trillion Dollars On Defense »

REPORT: Soros & Paulson Add To Massive Gold Positions

John Paulson's updated gold holdings of 66 tons exceed the official reserves of nations from Brazil to Bolivia.


Soros and Paulson Buying Gold as Record Prices Seen by Strategists


Gold’s 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever.

The metal will rise every quarter next year and average $1,925 an ounce in the final three months, or 12 percent more than now, according to the median of 16 analyst estimates compiled by Bloomberg.  Paulson & Co. has a $3.62 billion bet through the SPDR Gold Trust (GLD), the biggest gold-backed exchange- traded product, and Soros Fund Management increased its holdings by 49 percent in the third quarter.

Soros increased his investment in the trust to 1.32 million shares in the third quarter, the most since 2010, a Nov. 14 SEC filing showed.  The stake, with each share representing about a 10th of an ounce, is valued at $219 million.  Prices advanced 59 percent since January 2010, when Soros called gold the “ultimate asset bubble.”

Paulson, who became a billionaire in 2007 by wagering against the subprime mortgage market, owns 21.8 million shares in the SPDR Gold Trust, making him the biggest shareholder, a Nov. 15 SEC filing showed.  The 56-year-old raised his stake by 26 percent in the second quarter and his holding of about 66 tons exceeds the official reserves of nations from Brazil to Bulgaria to Bolivia.

Continue reading at Bloomberg...


Outlook for gold price:

Middle Class Will Boost Gold Demand

Bloomberg speaks to Albert Cheng, managing director at the World Gold Council.


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Reader Comments (8)

So, what first attracted you to billionaire financier George Soros?

Nov 20, 2012 at 2:48 AM | Registered CommenterDailyBail
You must mean they are "stealing gold" at record level.
Nov 20, 2012 at 5:13 AM | Unregistered CommenterSICKCOUNTRY
Since Soros has gone on about how he thinks gold is the next asset bubble wouldn't it make sense that perhaps he and Paulson would cause a huge depression in price just by dumping all that stuff on the market en masse to create a free fall in the gold market? Is this possible. Create an environment where the price spikes then sell bottom falls out then repurchase after everyone else has had their face ripped off?
Nov 20, 2012 at 12:23 PM | Unregistered CommenterSKINFLINT

I know what you are saying, but trading moves like that are almost impossible to pull off. So you sell your holdings and then what happens if the price doesn't drop. Now you have to pay higher prices to get back into a large position. Your scenario is not impossible, but it would be a big risk to take for a hedge fund.

Paulson owns a shit ton of gold. Much more than Soros. And don't much too much stock in Soros' past comments about the gold bubble. Any good investor has to be willing to change his mind if the facts bear it out, which is why Soros probably started buying gold. I'm not pushing gold purchases at these prices by the way. Yes, we could see $2000 by next Summer but we could also see $1500. It's not a trade I would make here.
Nov 20, 2012 at 12:38 PM | Unregistered CommenterDailyBail
DB. It just seems as if there is manipulation in every concievalble avenue in the markets.
Nov 20, 2012 at 5:21 PM | Unregistered CommenterSKINFLINT
Another way to get your gold!

Multi-million gold heist from boat in Caribbean - Telegraph


4 days ago ... Armed men dressed as police boarded a fishing boat Friday in Curaçao and stole about 70 gold bars worth an estimated $11.5 million (£7.2

Multi-million gold heist from Curacao boat


4 days ago ... WILLEMSTAD, Curacao (AP) — Masked men in jackets emblazoned with the word 'police' boarded a fishing boat Friday in Curacao and stole
Dec 5, 2012 at 5:20 PM | Unregistered CommenterBackgammon
Some of you have heard about the I-95 gold heist this week. Here is an update with commentary that I am sure Skinflint and Gomp will get a kick out of.


WILSON, N.C. (AP) — A search warrant suggests that investigators suspected a multimillion-dollar gold heist from an armored truck was an inside job, though a sheriff said Wednesday that the two guards are not currently considered suspects.

The warrant was written in a hurry before the two guards, who spoke little English, could be thoroughly interviewed in Spanish, Wilson County Sheriff Calvin Woodard said Wednesday during a news conference.

The search warrant, which seeks permission to search the cellphone of the truck’s passenger, details the account of the two men in the armored truck. The driver pulled over on the side of Interstate 95 on Sunday when his passenger smelled gas and began to feel sick.

Then, three men pulled up in a white minivan, armed with handguns, and bound both the driver and passenger. Both men were ordered to go into nearby woods.

The three men then opened the trailer and took out five buckets’ holding 275 pounds in gold bars, valued at about $4.8 million. The suspects tried to steal the truck but couldn’t get it started, even though it was in good working condition.

About $5 million in silver was left on the truck.

“There is suspicion at this time that this could be an inside job due to the circumstances of the robbery,” the warrant reads. “The fact that the truck was robbed immediately upon it pulling over at an unannounced stop is suspicious in and of itself. It is also suspicious because there are no markings on the side of the truck that would indicate the type of cargo contained therein.”

The guards — working for Transvalue Inc. of Miami — were not injured. The truck had left Miami, bound for a town south of Boston in Massachusetts.


They spoke little english and needed an interpreter. Then get this, a mechanic found the truck was in perfect working order... I am pissing myself learning of this as some trucks have a key AND A STARTER BUTTON, you need to turn the key on and then press the button! This is so amaturish I can visualize beavis and butthead as the perps! We had an apprentice lineman stall a bucket truck out in on of the tunnels in Boston. The kid was alone and couldn't get it to start back up. The cops swarmed the truck and I radioed to him the turn key/push button trick!!! They let him go after it started.

That fuck up cost the robbers $5mm in silver.
Mar 4, 2015 at 6:06 PM | Unregistered Commenterjohn

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