Soros vs Paulson

SAN FRANCISCO (MarketWatch) — Soros Fund Management, one of the biggest hedge-fund firms in the world, sold much of its gold and silver investments over the past month because there’s less chance of deflation, The Wall Street Journal reported Wednesday.

Nevertheless, gold could climb as high as $4,000 an ounce over the next three to five years, according to John Paulson, head of hedge-fund giant Paulson & Co., speaking to investors during a Tuesday meeting at New York Public Library, the Journal also said.

Paulson said he still has most of his personal wealth in gold-denominated funds run by Paulson & Co., the newspaper noted.

http://www.marketwatch.com/story/soros-sells-gold-silver-investments-report-2011-05-04

 

Who do you think financed Paulson's CDS bets? Why is is Soros versus Paulson?

 

I don't understand why you would buy gold if you're worried about deflation. Something is not right about the article.

Soros Fund Management, a $28 billion firm now run by Keith Anderson, bought gold to protect against deflation. It now believes there’s less risk of a sustained drop in consumer prices because the Federal Reserve is still pumping money into the financial system, the Journal reported, citing unidentified people familiar with Anderson’s thinking.

 

I think you missed the OP's point which was Soros is out of gold, Paulson is still in.