George Soros has joined the chorus of high profile investors warning that low interest rates will cause inflation and additional asset bubbles, but he caused quite a stir when he targeted gold in particular.
In comments from the World Economic Forum in Davos, Switzerland, Soros called gold "the ultimate asset bubble," and set off fears that gold could have further to fall.
Critics are using these comments to suggest Soros is "anti-gold," but a quick look at the holdings of Soros Fund Management shows that GLD, the gold ETF, is the fourth largest holding of Soros Fund Managment.
In comments from the World Economic Forum in Davos, Switzerland, Soros called gold "the ultimate asset bubble," and set off fears that gold could have further to fall.
Critics are using these comments to suggest Soros is "anti-gold," but a quick look at the holdings of Soros Fund Management shows that GLD, the gold ETF, is the fourth largest holding of Soros Fund Managment.
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