"Some hedge funds remain dazzled by gold. And the yellow metal's resilience during a rally in riskier assets suggests their bet might yet pan out.
A who's who on Wall Street piled into gold-related investments over recent months. Paulson & Co., Greenlight Capital, Eton Park Capital Management, Hayman Advisors, Blue Ridge Capital Holdings and Highfields Capital Management were among those buying gold futures, shares of gold producers and even physical gold. [Gold] Bloomberg News
Some sought safety, in anticipation of deeper economic dislocation. But more became concerned that governments would cripple some major currencies and potentially spark a burst of inflation, by shoveling buckets full of money at troubled areas."
I notice Soros went long Big Time and short oil right before oil crashed...he still holds lots of gold but I have not been able to find out what his specific investment in it is i.e., physical, GLD. GDX or what?