Billionaire investor, George Soros, revealed yesterday that he bought 1.05 million shares in SPDR Gold Trust in the first quarter of 2016. This is the biggest gold exchanged-traded fund in the world and is valued at around $123.5 million.

Soros once called gold “the ultimate bubble” but resumed buying gold ETFs and gold shares after a three-year hiatus. He’s clearly now bullish on gold and no longer views it as the “ultimate bubble.”

He also …

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