Billionaire George Soros Cuts U.S. Stocks Position – Buys Barrick Gold

Posted by Jesse Riseborough - Bloomberg

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gsSummary:

George Soros has reduced his U.S. listed stock holdings by a 1/3, added a $264 million stake in Barrick Gold and bought a large bullish option contract position in GLD.

Fellow billionaire Stanley Druckenmiller calls Gold his “largest currency allocation”.

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