Einhorn's Greenlight Capital Moves Gold Holdings Into Bullion From ETFs (GLD)
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According to reports from Bloomberg, David Einhorn's Greenlight Capital hedge fund switched its gold holdings from ETF SPDR Gold Shares (NYSE: GLD) into bullion in the second quarter. Einhorn said it is cheaper to keep the gold in a storage facility than the fees paid for the ETF. Einhorn has been buying gold due to concerns about inflation.
Greenlight Capital gained 16.3% in the second quarter, bringing its YTD return to 21.5%. Last year, the fund lost 23%.
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Comments
goldcoin
Harrods has the right idea and position to sell physical gold. We have gold mines and will sell gold certificates at 15% below spot. Thanks for the great reading, we buy gold bullion in a recession. I will pass this on to our ira clients to read.
INFORMATION REQUIRE
PLEASE SEND US SOME MORE DETAIS ABOUT INVESTMENT IN GOLS BULLION, AND HOW CAN WE DO TO WORK WITH ONE MILLION DOLLARS TO START. DO IT TO MY E MAIL: avilahoust2112@prodigy.net.mx
hello
is he supposed to be einhorn? doesn't look like him.
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goldcoinsgain
goldcoinsgain on Nov 2, 2009 06:59 AMThanks for the great reading, we buy gold bullion in a recession. I will pass this on to our ira clients to read