The family office of billionaire Stanley Druckenmiller, who famously broke the Bank of England with George Soros in 1992, has made a huge gamble on gold in the second quarter, despite being downbeat on the economy.
According to a regulatory filing, Duquesne Family Office paid $324 million for a 2.8 million share position in the SPDR Gold Trust (GLD), the market's largest physical gold exchange-traded fund, just weeks after prices fell to a five-year low.
