George Soros, the renowned hedge-fund king pin, is disliked for all kinds of reasons. His funding of a chain of leftist political causes is one of the top reasons for his widespread unpopularity. But his enemies still admire him for one simple reason. His prediction that very soon, the US stock market will 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.
His portfolio registered its single biggest slice with its dollar position soaring from 299 million dollars to 2.2 billion dollars.
It is evident that the famous and savvy money manager has observed something in the stock market that other investors cannot see. The trend in the stock-market appears to be mirror of how we look at things, too, here at Real Money USA. The economy is showing slow growth, an encroaching government, rising geopolitical conflicts and a federal budget deficit that is spiraling out of control. The solution to these challenges appears not to concern any political party in Washington, D. C.
A Looming Global Economic 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.
So Soros has adeptly transferred his wealth and resources into a sector he deems more secure. He has hedged his wealth in gold to cushion himself against the approaching financial meltdown. Reuters reported that his ownership in a company that mines gold has almost doubled. He also has bought stakes in other gold-related 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.
His portfolio registered its single biggest slice with its dollar position soaring from 299 million dollars to 2.2 billion dollars.
It is evident that the famous and savvy money manager has observed something in the stock market that other investors cannot see. The trend in the stock-market appears to be mirror of how we look at things, too, here at Real Money USA. The economy is showing slow growth, an encroaching government, rising geopolitical conflicts and a federal budget deficit that is spiraling out of control. The solution to these challenges appears not to concern any political party in Washington, D. C.
A Looming Global Economic 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.
So Soros has adeptly transferred his wealth and resources into a sector he deems more secure. He has hedged his wealth in gold to cushion himself against the approaching financial meltdown. Reuters reported that his ownership in a company that mines gold has almost doubled. He also has bought stakes in other gold-related 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.
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