Almost everyone has a reason to hate George Soros. Most people will quote his involvement with leftist political causes time and again. However, his enemies cannot hide their admiration for his bold investment prediction that the US stock market is headed for collapse.
The amount of money Soros has bet for a crumbling US stocks market has already hit 2 billion dollars. Such a move is called shorting. This simply means placing your bet against good times. His shorting bets have been rising gradually since the beginning of last year.
George Soros is displaying a peculiar confidence in shorting. SEC records show an increase to 11.3 million for his Soros Fund Management position. These rankings show performance alongside other firms operating in the S&P 500 exchange-trading space. The move represented a 14 percent leap to 17 percent up from a mere 3 percent.
The dollar position soared from 299 million to 2.2 billion dollars for his portfolio. This represented his single biggest move.
What did this famed and nefarious money manager see that most stock-market investors still do not? Well, apparently, much the same things that we see at Real Money USA: a slow-growth economy, an overweening government attempting to control every lever of it, increasing geopolitical unrest and a U.S. federal-budget deficit that only continues to balloon while addressing it meaningfully has faded as a concern of both parties in Washington, D.C.
Anticipating A Global Meltdown
Soros is smart enough to read the signals of an approaching financial crisis. The crisis this time appears bigger and more threatening than that of 2008. We share similar views.
What he has done to protect his resources and wealth is to transfer them to more secure areas. He has used gold to hedge his wealth and guarantee safety when the financial hurricane hits. Reuters reports that he has doubled his stake in a gold mining company and that he has also bought shares in gold trading companies.
Gold Is God's Money
You do not have to enjoy the insights of a George Soros to see the approaching financial storm. This makes it prudent to protect your hard earned wealth as best you can. Your money is a trifle amount compared to the billions George has to spare from his deep pockets. It is, therefore, paramount to invest in solid long term plans like gold and silver coins and other such valuable and solid financial instruments.
The amount of money Soros has bet for a crumbling US stocks market has already hit 2 billion dollars. Such a move is called shorting. This simply means placing your bet against good times. His shorting bets have been rising gradually since the beginning of last year.
George Soros is displaying a peculiar confidence in shorting. SEC records show an increase to 11.3 million for his Soros Fund Management position. These rankings show performance alongside other firms operating in the S&P 500 exchange-trading space. The move represented a 14 percent leap to 17 percent up from a mere 3 percent.
The dollar position soared from 299 million to 2.2 billion dollars for his portfolio. This represented his single biggest move.
What did this famed and nefarious money manager see that most stock-market investors still do not? Well, apparently, much the same things that we see at Real Money USA: a slow-growth economy, an overweening government attempting to control every lever of it, increasing geopolitical unrest and a U.S. federal-budget deficit that only continues to balloon while addressing it meaningfully has faded as a concern of both parties in Washington, D.C.
Anticipating A Global Meltdown
Soros is smart enough to read the signals of an approaching financial crisis. The crisis this time appears bigger and more threatening than that of 2008. We share similar views.
What he has done to protect his resources and wealth is to transfer them to more secure areas. He has used gold to hedge his wealth and guarantee safety when the financial hurricane hits. Reuters reports that he has doubled his stake in a gold mining company and that he has also bought shares in gold trading companies.
Gold Is God's Money
You do not have to enjoy the insights of a George Soros to see the approaching financial storm. This makes it prudent to protect your hard earned wealth as best you can. Your money is a trifle amount compared to the billions George has to spare from his deep pockets. It is, therefore, paramount to invest in solid long term plans like gold and silver coins and other such valuable and solid financial instruments.
About the Author:
Learn more about precious metal investing. Stop by Anne Trimble's site where you can find out all about gold and silver and what it can do for you.
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