CNBC/Yun Li/8-20-2019
“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.
