Soros warns of gold bubble amid forecasts of new highs (Business Times (Malaysia))

Mar 1, 2010   //   by Admin   //   Scrap Gold Prices  //  Comments Off

LONDON: George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc, Barclays Capital and HSBC Holdings plc predict more gains before it bursts. Soros Fund Management LLC, which manages about US$25 billion (US$1 = RM3.39), increased its investment in SPDR Gold Trust, the world’s largest exchange-traded fund for the metal …

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