Billionaire Ray Dalio Bought 463,000 Shares of Silver Wheaton Corp
By GCRU Gold News on Wednesday, July 8 2015, 23:40 - Permalink
In recent quarters, Dalio has been warning investors to get out of fiat currencies. That’s probably why he has accumulated massive positions in mining companies like Goldcorp Inc., Barrick Gold Corporation, and Pan American Silver Corp. These metal producers are leveraged bets on higher gold prices and a hedge against inflation.
In a recent 13-F SEC filing, Dalio disclosed a 463,000 share position in precious metals giant Silver Wheaton Corp. (NYSE/SLW). What makes this company interesting is that it doesn’t actually own or operate any mines at all. Instead, you could think of Silver Wheaton like the banker of the mining industry.
Billionaire Ray Dalio Bought 463,000 Shares of Silver Wheaton Corp