This Is Why the World’s Most Successful Investors Are Buying Gold Now
TheDailyCoin.org
July 12, 2016
Why you should pay attention to where some of the world’s best investors are putting their money
Don’t make the mistake of ignoring what an all-star roster of the world’s richest investors is doing right now. They are buying billions of dollars’ worth of gold.
(This is one of many reasons that it makes a lot of sense to have gold in your portfolio. We explain the why and the how in a free 22-page special report you can download here.)
For example, hedge fund legend Stanley Druckenmiller has earned an average of 30% a year for 30 years, without a single negative year. And currently, 18% of Druckenmiller’s portfolio is made up of the SPDR Gold Trust (GLD) , an exchange-traded fund that tracks the price of gold bullion.
George Soros, the man who “broke the bank of England” in the early 1990s, earned $1 billion by shorting the British pound. Along with Jim Rogers, Soros also earned investors a 3,365% return in just 11 years with the Quantum Fund.
Now, Soros owns a $264 million stake in Barrick Gold (ABX) , the largest gold mining company in the world. It is his fund’s second-largest holding. But that’s not the only gold Soros owns. He also bought more than 1 million option contracts on the SPDR Gold Trust.
The Rest…HERE
