Stanley Druckenmiller says all the reasons he's owned gold are ending

Stan Druckenmiller: I'm optimistic about the future

Billionaire investor Stanley Druckenmiller told CNBC on Thursday he sold all of his just gold before Donald Trump was elected president.

"I sold all my gold on the night of the election," Druckenmiller said in a "Squawk Box" interview. "All the reasons I have owned it for the last couple of years, it seems to me they may be ending. And by the way, they're ending globally."

Despite some concerns, he is "quite optimistic" about the economy. "I don't think Donald Trump is Ronald Reagan," Druckenmiller added.

Druckenmiller said he tilts toward House Speaker Paul Ryan's economic viewpoint and didn't vote for Trump or Clinton.