A top-performing hedge fund is making a big bet on gold
“Based on its latest regulatory filings, Sandler increased its stake in the SPDR Gold Trust by nearly 180% to $38 million by the end of the second quarter, making it the biggest position the fund holds. The ramped-up wager could be a defensive play against more market turbulence ahead.”
USAGOLD note: Sandler joins a long list of top funds taking a strong position in the yellow metal – and most are in it for defensive purposes. There are many ways to generate investment gains, but few to protect those gains through times of economic uncertainty and financial risk.
Repost from 8-21-2019