Before Soros Borong Gold Prices Fall In

High profile billionaire, George Soros again did the unexpected action. 82-year-old man adds to his portfolio in precious metals in the first quarter of 2012.

Through SPDR Gold Trust, Securities and Exchange Commission United States (U.S.) explained, gold investment portfolio Soros Fund Management LLC increased rapidly up to 273.96 percent. The details, in the last quarter of last year only 85 450 shares ownership Soros. But in the first quarter of this year's ownership to 319 550 shares.

Keep in mind, the first three months of this year, the price of the precious metal rose 6.7 percent. At that time, the market speculated that the U.S. central bank, The Federal Reserve will begin buying up bonds or third episode of quantitative easing.

"At that time, people were more optimistic about economic growth because there is a signal quantitative easing (QE3). Lot of liquidity flowing into riskier assets, including commodities and precious metals," commentator Michael Gayed, chief investment strategist, Pension Partners LLC New York.

Then what will happen to Soros investment? This strategy is intriguing, because starting from 30 March, gold prices have collapsed at least 8.1 percent and recorded the biggest decline since 2004. Greek political climate heats up to encourage investors busy buying up the U.S. dollar and switch from gold. That is, Soros bought gold before its price fell sharply.

"Conditions at the end of this week-end was different from what happened in the first quarter," said Gayed.

For the record, the SPDR Gold Trust, also known as SPDR Gold Shares is part of the exchange-traded funds (ETF) managed and traded by State Street Global Advisors. Underlying this is a gold transaction. (Dyah Megasari)