More On Soros

A Bloomberg report explains the inconsistency between George Soros' recent "ultimate bubble" remark and his upped stake in the SPDR Gold Trust: 'Buying at the start of a bubble is "rational," Mr. Soros said.'

He isn't the only hedge-fund manager to think so. In addition to John Paulson and David Einhorn, Paul Tudor Jones has moved into gold:

Tudor Investment Corp., based in Greenwich, Connecticut, increased its stake in Newmont Mining Corp., the largest U.S. gold producer, almost fourfold in the final quarter of 2009.

Gold is "just an asset that, like everything else in life, has its time and place. And now is that time," Paul Tudor Jones said in an October letter to clients.

These people tend to be early.