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.
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5 Reasons George Soros is WRONG about Gold | StreetAuthority
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