Self-made hedge fund billionaires George Soros and John Paulson have both increased their gold holdings in the past three months, taking advantage of lower prices.

George Soros more than doubled his shares in the SPDR gold trust ETF. He increased his position in SPDR Gold to $137.3 million in the second quarter from $52 million previously. SEC filing for the second quarter showed Soros Fund Management more than doubled its investment in the SPDR Gold Trust from 319,550 shares to 884,400 shares at the end of June. Paulson & Co. increased its gold exchange traded fund holdings by 26 per cent to 21.8 million shares. It was the first time Paulson & Co had increased its position in the SPDR Gold Trust since the first quarter of 2009, when the investment firm initially acquired 31.5 million shares. It means that Paulson’s $21 billion hedge fund now has more than 44% of the company’s assets allocated to gold.

Paulson, who became a billionaire in 2007 by betting against the US subprime mortga

Track record

Paulson became a multi-billionaire betting against US subprime in what is generally acknowledged as the best trade in investment history. Soros made his name and fortune betting against the British pound in the early 90s but has gone on to repeat his success many times over and become one of the world’s richest men.

….read more HERE at Arabian Money  & HERE at Resource Investor

Also: Top Picks From George Soros

Billionaire investor George Soros is not only good at macro picture, his understanding of business also makes him a great stock picker. His latest portfolio reveals some of his largest purchases in quality large caps and gold……more HERE