Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Billionaires George Soros, John Paulson Exit Gold

(L-R) George Soros and John Paulson / Getty

 

Billionaire investor and philanthropist George Soros got out of gold in the fourth quarter of 2016, when he eliminated his shares in Barrick Gold, after dissolving its shares in the world’s biggest gold exchange-traded fund, SPDR Gold Trust (GLD), in the previous quarter.

At the same time, billionaire hedge-fund manager John Paulson‘s also cut back his holding in the GLD in the fourth quarter. New York-based Paulson & Co., cut its stake to 4.4 million shares, worth $478 million, from 4.8 million shares, worth $600 million, at the end of the third quarter, according to filings with the U.S. Securities and Exchange Commission.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

Read more at Bloomberg

 

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.