[CutePuppy]

Soros has been selling gold to finance the purchases of stocks and hard assets, such as in recent purchase of 4.9% stake in the India's Mumbai Stock Exchange. FWIW, he now calls the gold market "the ultimate bubble".

Soros, Other Major Money Managers Report Positions - CNBC, 2010 November 15

< snip > ..... Soros trimmed positions in miners including Barrick Gold , Great Basin Gold and Newmont Mining . He held unchanged large positions in NovaGold Resources and Kinross Gold . However, he call options on 705,000 shares of the SPDR Gold fund .

Soros has said several times this year that gold is "the ultimate bubble."

"I called gold the ultimate bubble which means it may go higher," Soros explained in September at a Reuters Newsmaker event in New York. "But it's certainly not safe and it's not going to last forever." ... Soros does not typically explain his quarter-to-quarter moves. A spokesman was not immediately available for comment. ..... < snip >

[Brad from Tennessee]

Thanks for update. FORBES mentioned Soros’ new investments in Asia. When the last oil bubble popped there was a glut. The Iranians were loading up tankers and anchoring them offshore, waiting for the price to go ever higher. I don't know if there is a similar mechanism in the world gold market but I know production must way up, feeding the supply.