Aug 14, 2013

John Paulson Dumped Half Of His Gold ETF Holdings
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Written by : Tom George| 0 | Fashion

John Paulson, Maneet

The highlight of the filing is that he’s scaled back on his gold position.

At the end of Q2, Paulson held just 10,234,852 shares of SPDR Gold Trust, down from 21,837,552 shares in Q1 .

Paulson, who made a name for himself by shorting subprime mortgages when the housing bubble burst, has been getting crushed by his bet on gold .

The yellow metal is down by more than 20 % since the beginning of the year.

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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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