Soros Has Begun Dumping Gold and Silver, While John Paulson Says Gold Will Go to $4,000
John Paulson told a UK news show on Tuesday that gold is going to $4,000, reports WSJ.
Despite some recent gyrations in the precious metals arena—more so on the silver side of things—the prominent investor remains super-bullish for the next 3-5 years.
On the other hand, according to reporters Gregory Zuckman and Caroline Cui, Soros has been a seller of gold and silver lately.
What what's interesting is why: Soros no longer sees a big threat of deflation. Huh? Yes, while the average person may still think of gold as a bet to counter inflation, the metal obviously surged during the deflation scare, and the attendant raft of central bank easing moves. Those are clearly coming to an end (for now), and thus that theme is coming to an end.
This story originally appeared on Business Insider
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