George Soros

George Soros’s hedge fund unloaded most of its gold holdings during the first quarter. At the end of March the New-York based Soros Fund Management possessed 49,400 shares of the SPDR Gold Trust against 4.7 million shares held at the end of December. A 5 million share stake in the iShares Gold Trust at the end of December disappeared completely from the latest filing.

At the end of Q4 the firm’s gold ETF positions were valued at over $774 million. Now, at the end of Q1 the remaining gold position was worth less than $7 million.

"German policy is a danger for Europe, it could destroy the European project," according to George Soros interview released on Wednesday.

He claims, German's budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out.

 U.S. taxpayers were entitled to resent bankers' bonuses because their profits were funded by government bailouts, according to an interview published in the Financial Times, said billionaire investor George Soros. "Those earnings are not the achievement of risk-takers. These are gifts, hidden gifts, from the government, so I don't think that those monies should be used to pay bonuses," the paper quoted him as saying in its Saturday edition. "There's a resentment which I think is justified." The U.S.

George Soros, a financial expert and a chairman of the Board at Soros Fund Management, made his proposal on how the crisis should be opposed by the states. He mentioned the system of Special Drawing Rights (SDR) to allow circumferential countries to cope with the downturn. Special Drawing Rights system was created in 1969 and it has been used by the IMF for international payments.