Five Charts Show Why George Soros Is Investing in Gold Mining
- Shares of world’s biggest bullion producers doubled this year
- Gold price surged, while miners reduced costs and trimmed debt
What Lured Soros to Boost His Gold Holding?
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Gold mining equities have become the darlings of the market, luring billionaire George Soros to buy a $264 million stake in Barrick Gold Corp. Bloomberg’s index of 14 major bullion miners doubled this year after plunging 76 percent in the previous five years.
These five charts show why: