Until last quarter, the world's biggest hedge fund had, curiously, never held a position (according to our records) in any of the most liquid gold ETFs, whether the SPDR Gold Trust, the GLD, or the iShares Gold Trust, the IAU. That changed in the second quarter of 2017, when Bridgewater made its first tentative purchases in the gold ETF space, buying up 577,264 GLD shares, for $68.1 million, as well as 3.1 million IAU shares worth $36.8 million. That was just the beginning, because as readers will recall, back on August 10 Ray Dalio urged investors to buy gold in case "things go badly." This is what Dalio said: "When it comes to assessing political matters (especially global geopolitics like the North Korea matter), we are very humble. We know that we don't have a unique insight that we'd choose to bet on. We can also say that if the above things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen an...
from GoldBroker.com https://www.goldbroker.com/news/ray-dalio-goes-gold-buying-spree-adds-575-gld-holdings-1227
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