Ray Dalio’s Bridgewater Keeps Faith in Gold Despite Its Slide
- Paulson keeps 4.3 million shares in SPDR Gold as of June 30
- Dalio’s Bridgewater maintains stake in GLD and iShares Gold
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Billionaire hedge-fund managers John Paulson and Ray Dalio stayed loyal to gold even as an investor exodus sent prices of the metal tumbling.
As of June 30, Paulson & Co. kept his stake in SPDR Gold Shares, the largest exchange-traded fund backed by bullion, at 4.3 million shares. Dalio’s Bridgewater Associates maintained its 3.9 million shares in GLD, and 11.3 million in iShares Gold Trust, the second-largest, according to regulatory filings.