Soros Fund Management’s 13F filing reveals that the money management firm continues to bet on gold, even while calling the metal “the ultimate bubble” for the past year.
At the end of 2010, the fund held $774 million worth of ETFs that owned gold, about the same as the previous quarter’s gold holdings.
In Q3, the fund reduced its position on some gold mining stocks, but Soros held onto its 12.9 million shares of NovaGold Resources in Q4, the same amount owned at the end of the previous quarter.
written by Constantine Njeru
\\ tags: 13f, Bet, Etfs, George Soros, Gold Fund, Gold Holdings, Gold Investment, Gold Investments, Gold Mining Stocks, Gold Stocks, Investment Holdings, Investment Management, Money Management Firm, Novagold Resources, Q3, Soros Fund Management
Novagold resources is a Vancouver based mining company. The interesting thing about this mining company is the heavy hitters who have bet their money in it.
According to an article in businessweek. Some of the famous billionaire commodity investors who have invested their money in it are, George Soros, John Paulson and Thomas Kaplan.
written by Constantine Njeru
\\ tags: Billionaire, Businessweek, Commodity, George Soros, Heavy Hitters, Investors, John Paulson, Mining Company, Money, Novagold Resources, Stock Analysis, Stock Tips, Thomas Kaplan, Vancouver