Monday, February 22, 2010

George Soros' Gold Contradictions

George Soros and Gold

Why is it that George Soros has said recently gold was "the ultimate asset bubble," and then not long before pour a ton of his money into it?

It think it's a little game Soros is playing in an attempt to throw investors off his trail, throwing out some confusion to keep them from putting some skin in the game.

There isn't a gold bubble right now, and historically a bubble of any sort is when the everyday person is throwing their money at something for the sole reason that everyone else is doing it. Until we see the average person on the street investing in gold, it won't be in a bubble.

This of course doesn't mean there won't be any corrections, just that a bubble is something that is going to burst, and until conditions change drastically, gold will be as solid as a performer as any other investment sector.

It's obvious George Soros is playing a little game by saying one thing while doing another, and he has to do that because of the requirements to report what he is investing because of rules related to companies with over $100 million in available to invest.

George Soros and Gold

2 comments:

Angelo said...
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Angelo said...
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