Soros Fund Management, established by George Soros, and Paulson & Co., established by John Paulson currently have huge stakes with the SPDR Gold Trust ETF (NYSEARCA: GLD), the greatest gold-backed exchange-traded product. Soros raised his GLD financial investment by 49 % in the 3rd quarter to about $ 215 million while Paulson has about $ 3.6 billion purchased GLD, according to papers submitted with the Securities and Exchange Commission.
"Gold, the way we consider it, is anywhere from being underrated to being seriously undervalued,"
Ownership of monetary instruments based upon gold, such as Comex futures agreements, represents even more than 100 times the physical gold that exists above ground worldwide.
"All you really require for a significant upward revaluation of gold is for a little portion of individuals to physically reclaim from significant central banks or various other depositories that are holding your gold and utilizing it for their functions," Kaye included. Our recommendation is to hold gold long term for the best gains. How High Will Silver Go? Learn More >> http://www.silver-dollar-values.net