Barefoot Investor: Selling gold is "big mistake". Soros, Paulson, Touradji own 2088 tons - (26th Nov 2010) Kitco News (by

TORONTO (Market Leader) -

As previously reported, a 24% increase in the value of gold didn't stop George Soros, John Paulson and Paul Touradji from buying it. According to the data provided by U.S. Securities and Exchange Commission (SEC), the biggest volumes of gold were bought by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP. The total volume of the precious metal owned by the 3 companies is 2088 tons, which is roughly equal to the volume produced by the USA in 10 years.

And while the Fed Reserve and other central banks around the world have already poured into the global economy over $2 trillion, in their turn investors are getting more active in buying up the stable assets. At this point 50% of the total gold reserve is in the hands of private investors.


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