The higher gold climbs the more intense the debate between bulls and bears, those who think the yellow metal has a long way to run before it even approachs its 1980 inflation-adjusted high of $2,400 and those who say the latest nominal record of $1,852.20 is just waiting to pop.
The overall economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better.
The largest gold fund players including hedge fund titan John Paulson stuck with their bullion bets in the second quarter, opting not to follow George Soros who further reduced his gold ETF holdings.
The largest gold fund players including hedge fund titan John Paulson stuck with their bullion bets in the second quarter, opting not to follow George Soros who further reduced his gold ETF holdings.
Gold prices rose on Tuesday as concerns over the financial health of the euro zone resurfaced ahead of a summit in Paris between French and German leaders, at which they will try to thrash out a solution to the bloc's debt crisis.
Spot gold held onto gains made in the previous session on Tuesday, but hopes that a Franco-German summit will make progress to help quell the region's sovereign debt crisis are expected to keep a lid on prices.
The crown may be slipping fast from billionaire trader John Paulson's head.
The crown may be slipping fast from billionaire trader John Paulson's head.
Now that Uncle Sam has dug itself into a $14 trillion hole, it?s the American taxpayer who should be warning Ben Bernanke and his government cronies about the irrationalities of their exuberant paper printing.
New York City has announced its plan to spend $127 million in public and private funds on the launch of a major policy initiative to help the minority youth in the city.Mayor Michael Bloomberg and hedge fund manager George Soros will each donate $30 million according to the mayor's office.
New York City Mayor Mike Bloomberg is not waiting for Congress to address long-standing social concerns: he's donating $30 million of his money to launch a new $127 million program to improve the lives of thousands of young black and Latino men, who are cut off from New York City's civic, educational, and economic life.
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.
Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.
Apple is hoarding $76 billion in cash. George Soros' hedge fund (run by Keith Anderson) is nearly holding $20 billion in cash, or 75 percent of the assets under management, reported Bloomberg, citing unnamed sources.
Greece is heading for default, or at least a devaluation, and European Union leaders have to adopt a plan B to stem contagion to the rest of the bloc, billionaire investor George Soros said on Tuesday.
China is doing everything it can to support the euro currency.
Billionaire investor George Soros thinks a country will eventually exit the euro zone and urged policymakers on Sunday to come up with a plan B that could rescue the European Union from looming economic collapse.
The chances of positively resolving Europe's serious debt problems are decreasing from day to day as authorities focus on buying more time, not solving problems, billionaire investor George Soros said on Tuesday.
Adult Americans have their own bogeyman – those shadowy, poorly-understood, but powerful things that are out to get them.
Asia shares rose from a six-week low Wednesday, led by consumer stocks, but disappointing U.S. data have made some investors reluctant to follow commodity prices higher, containing a bounce in risky assets from currencies to oil.
The two hottest personalities in the hedge fund industry just disagreed about the hottest investment in the world.
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.