Billionaires Double Stake in Gold After Release of Controversial Video

Saturday, 11 Apr 2015 09:03 AM

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Billionaire investors George Soros and John Paulson increased their stakes in gold as prices are “on the cheap,” and rumors of a massive inflation storm are heating up.

Soros Fund Management more than doubled its investment in the SPDR Gold Trust (GLD) to 884,400 shares, a U.S. Securities and Exchange Commission filing for the quarter holdings showed.

Economist Robert Wiedemer — who is famous for accurately predicting the collapse of the U.S. housing market along with the stock market crash of 2009 — predicts that gold is a must-have in everyone’s portfolio.

“We could see gold's bull run lasting another decade . . . and, we'll see truly remarkable prices during that time,” he says.

In a controversial interview, Wiedemer explains exactly why he thinks gold will surge to historical levels. “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2013.”