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Reuters/Peter Hobson
“Hedge fund Bridgewater Associates raised its investment in gold-backed exchange-traded funds by a third in the second quarter, buying the equivalent of 170,000 ounces of gold worth $340 million at current prices, a regulatory filing showed.”
USAGOLD note: Ray Dalio, Bridgewater’s CEO, defending his public proclamations with action – and plenty of it. Bridgewater’s gold position represents about 17% of the fund’s $6 billion total.
Repost from 8-15-2020