Interesting things are afoot in gold. This is just one development. That the Fed will likely allow banks to keep gold in addition to Federal Reserve notes as reserves is certainly another very interesting development. It is likely the 2 developments are related.
Soros and gold are a weird combo to watch. In 2010 Soros said that gold was looking very expensive. In fact at Davos that year he said that it was the “ultimate bubble.”
Then later that year he turned around and bought a bunch of the stuff.