Ray Dalio Goes On Gold Buying Spree, Adds 575% To GLD Holdings, Becomes 8th Largest Holder
By GCRU Gold News on Monday, November 13 2017, 23:45 - Permalink
In Q3, Ray Dalio went on a gold buying spree, increasing his GLD holdings by a whopping 575%. As a result of the surge in holdings, Bridgewater as of this moment, the 8th largest holder of paper gold, known as GLD.
It wasn't only GLD, however, because Bridgewater also nearly tripled its IAU holdings, increasing its paper iShares gold holdings by 266%, from 3.1 million shares to 11.3 million.