Billionaire investor takes a significant stake in Barrick Gold Corp. (TSE:ABX)
Billionaire investor George Soros’s fund made a big wager on gold during the first quarter and bumped up its “put” option in an ETF that tracks the S&P stock index.
The 85-year-old’s fund disclosed a 2.1-million-share “put” option in an exchange-traded fund that tracks the S&P stock index.
Meanwhile, Soros — who has been warning of a repeat of the 2008 financial crisis, this time with China at the center of the storm — bought a 19-million share stake in Barrick Gold Corp., the world’s largest gold producer, along with “call” options in about 1 million shares in a gold-backed ETF set up by the World Gold Council.
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