We disagree with hedge-fund king pin George Soros for all sorts of reasons, most notably his over-the-top funding of one leftist political cause after another. But there is at least one area where we see eye-to-eye with Soros: The U.S. stock market is headed for collapse, and soon.
His bet on a collapsing US stocks market has surpassed the 2 billion dollar mark. He uses a tactic called shorting which means that he places bets against the market doing well. His activity in shorting has been on the rise for a year now.
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.
This shrewd and famous fund manager appears to know a secret that others investing in the stock market have not realized. His thinking is a perfect variation of our argument that financial trouble is brewing because of stringent government controls, slow economic growth, a growing federal budgetary deficit and increasing geopolitical instability. The situation is made worse by the indifference of both parties in Washington, D. C.
Anticipating A Global Meltdown
A smart man, Soros must realize that all of this comprises a recipe for global financial disaster that could make the 2008 financial collapse look like child's play. That is what we see too.
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.
His bet on a collapsing US stocks market has surpassed the 2 billion dollar mark. He uses a tactic called shorting which means that he places bets against the market doing well. His activity in shorting has been on the rise for a year now.
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.
This shrewd and famous fund manager appears to know a secret that others investing in the stock market have not realized. His thinking is a perfect variation of our argument that financial trouble is brewing because of stringent government controls, slow economic growth, a growing federal budgetary deficit and increasing geopolitical instability. The situation is made worse by the indifference of both parties in Washington, D. C.
Anticipating A Global Meltdown
A smart man, Soros must realize that all of this comprises a recipe for global financial disaster that could make the 2008 financial collapse look like child's play. That is what we see too.
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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