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Minggu, 26 Juni 2011
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Rabu, 15 Juni 2011
5 Reasons George Soros is WRONG about Gold | StreetAuthority
5 Reasons George Soros is WRONG about Gold
George Soros is a world-renowned former billionaire hedge-fund manager and philanthropist. He co-founded the Quantum Fund in the 1970s with Jim Rogers, another world-famous investor. Soros' fame grew in 1992 when he made $1 billion by short-selling the pound sterling, speculating that the British government would be forced to devalue the currency. He became known as "The Man Who Broke the Bank of England."
Unlike his former partner Jim Rogers, who is credited with anticipating the commodity boom that started in the late 1990s and who is keeping his gold, Soros has been selling a lot of gold. The moves speak volumes. He believes gold is in a bubble and he'd rather sell before everybody else catches on.
source: read more, click :
5 Reasons George Soros is WRONG about Gold | StreetAuthority
George Soros is a world-renowned former billionaire hedge-fund manager and philanthropist. He co-founded the Quantum Fund in the 1970s with Jim Rogers, another world-famous investor. Soros' fame grew in 1992 when he made $1 billion by short-selling the pound sterling, speculating that the British government would be forced to devalue the currency. He became known as "The Man Who Broke the Bank of England."
Unlike his former partner Jim Rogers, who is credited with anticipating the commodity boom that started in the late 1990s and who is keeping his gold, Soros has been selling a lot of gold. The moves speak volumes. He believes gold is in a bubble and he'd rather sell before everybody else catches on.
source: read more, click :
5 Reasons George Soros is WRONG about Gold | StreetAuthority
Sabtu, 11 Juni 2011
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Jumat, 10 Juni 2011
Why China Needs to Buy More Gold
This list shows how countries stack up in terms of gold reserves.
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As you can see, only 1.6% of China's foreign reserve holdings are in gold. They still hold over a trillion is in US debt. But they're actively working on diversifying that "overweight" asset allocation, as over any extended period its value has dropped.
Back in April, I wrote about how some analysts say China may spend up to $1 trillion of their foreign reserves:
China has been moving away from the dollar, and into alternative stores of wealth for years now.
But $1 trillion into gold? If it happens, such a large move would further threaten the dollar's status as reserve currency. It would also provide further buying pressure in gold for years to come (as the dollar crumples into a pitiful heap on the floor).
Back in April, I wrote about how some analysts say China may spend up to $1 trillion of their foreign reserves:
China has been moving away from the dollar, and into alternative stores of wealth for years now.
But $1 trillion into gold? If it happens, such a large move would further threaten the dollar's status as reserve currency. It would also provide further buying pressure in gold for years to come (as the dollar crumples into a pitiful heap on the floor).
read the rest
Follow @rudimanm
Sabtu, 04 Juni 2011
Are You a Good Boss to Yourself ?
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How many lives can you touch ?
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