This is one of the articles from the Bullion Buzz Newsletter:

Unlike most fund managers, who allocate a small percentage of the portfolios they manage to gold, billionaire commodities magnate and Tigris Financial Group head Thomas Kaplan reportedly has gone all in on gold. “I've reached a point where I feel the only asset I have confidence in is gold,” Kaplan says. Reflecting his conviction that global economic instability could bring rising demand for gold, Kaplan has gone further than perhaps any other major investor, betting the majority of his wealth on gold and other precious metals. “You've got a perfect storm with no apparent solution,” he said. “If the world does well, gold will be fine. If the world doesn't do well, gold will also do fine … but a lot of other things could collapse.” Though he won't disclose how much physical gold he owns, Kaplan controls up to 30% of the shares in some junior miners, and his total holdings amount to a nearly $2-billion bet on gold. Tigris subsidiaries have taken stakes in mining companies, including tiny firms that have yet to produce an ounce. Kaplan has not only loaded up on bullion, but bought up properties in 17 countries on five continents where geologists are searching for gold. However, if investors want to stock up on gold in a hurry, Kaplan notes, it will be hard to produce enough gold to satisfy demand. Gold hit an exchange record of $1,242.70 per ounce on May 12 before experiencing a correction to $1,180 as investors opted for cash amid global uncertainty, options expiration and a struggling equity market.

Read more of the Buzz here: Bullion Buzz