Soros Gold Bubble Expanding as ETFs Hold Nine Years of U.S. Mine Supplies

Soros Gold Bubble Expanding as ETFs Hold Nine Years of U.S. Mine Supplies
By Nicholas Larkin and Pham-Duy Nguyen - Nov 22, 2010 8:26 PM GMT+0400


Gold’s 23 percent surge this year to a record is proving no deterrent to George Soros, John Paulson and Paul Touradji, whose investments signal more gains for the longest winning streak in at least nine decades.


Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP listed investments in gold as their biggest holdings. Exchange-traded products own 2,088 metric tons, equal to nine years of U.S. mine supply, data compiled by Bloomberg show. Precious metals will produce the best commodity returns in the next year, Goldman Sachs Group Inc. said in a Nov. 9 report.

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