So why are George Soros, Jim Rogers and John Paulson buying gold?
These guys are experts in currencies, possibly more than any other investment vehicle, and the acquisition of gold means they believe gold will rise against the majority of currencies in the world, based on the extraordinary amount of stimulus money printed and thrown around by central banks around the globe.
While there are obvious other factors like the inevitable inflation and ongoing risk factors which continue to rise rather than abate, as witnessed by the Dubai debacle and sovereign wealth crisis in Europe.
The only question someone needs to ask themselves is if the currency they trade in will be worth more than gold in the foreseeable future. If not, guess which one wins out for the best investment choice?
Even if you don't understand all the particulars, when you see heavyweights like George Soros, Jim Rogers and John Paulson acquiring, increasing their positions and holding on to gold, you know they see something important, and part of what they see is mentioned above.
George Soros, Jim Rogers and John Paulson buying gold