Billionaire Soros Dumps Half His Paper Gold Investments

http://newsdoors.blogspot.com/2013/02/billionaire-soros-dumps-half-his-paper.html

Billionaire investor George Soros is increasingly bearish on gold.

Soros cut his investment in the SPDR Gold Trust (GLD) in half during the fourth quarter, according to a regulatory filing.

The $8.5 billion Soros Fund Management now owns 600,000 shares of the gold ETF, worth an estimated $97 million. That's down from 1.3 million shares, worth more than $227 million, in the third quarter. The ETF is one of the most widely held gold-backed ETFs.

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