Yesterday there was chatter that if the Goldman Sachs (GS) charges had legs and somehow damaged John Paulson, then it could prompt him to sell his gold holdings.
It seems a bit unlikely, but possible.
Anyway, take a look at how these two gold ETFs performed yesterday: The SPDR Gold Trust (GLD) and the Sprott’s Physical Gold Trust (PHYS). One was down nearly 2%, while the other down less than 1%. Guess which one John Paulson holds.
See out full coverage of the SEC vs. Goldman Sachs here >
Business Insider Emails & Alerts
Site highlights each day to your inbox.