“Hedge fund Paulson & Co maintained its stake in the world’s biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter, while Soros Fund Management LLC sharply boosted his investment in gold mining stocks. Legendary investor George Soros nearly doubled his ownership in a U.S. gold mining companies ETF and initiated new stakes in other gold producers, suggesting the big names in hedge funds continued to have confidence in the yellow metal. Soros Fund Management increased his stake in Market Vectors Gold Miners ETF to 2.05 million shares valued at $54 million at the end of the second quarter, compared with 1.16 million shares in Q1.”
http://www.reuters.com/article/2014/08/15/us-hedgefunds-filings-gold-idUSKBN0GF0HU20140815
Tip Freedomwat.ch Staff with Bitcoin