Per the below, major billionaires are moving out of gold. I am not surprised in that gold is being heavily mined all over and is very common. And pt/pd have much better dynamics for the many reasons we all know. If these guys and others are moving into pt/pd watch for an explosive move up! From Bloomberg:
Billionaire investors George Soros and Louis Moore Bacon cut their stakes in exchange-traded products backed by gold last quarter as futures dropped the most in more than eight years. John Paulson maintained his holding.
Gold has fallen out of favor as of late. However, gold is still gold. It has been THE metal of value for centuries and nothing will ever change that fact. While I like palladium, the golden blood bath will soon be a HUGE buying opportunity.