I would buy that barbarous relic rather than listen to this ancient relic. This guy talks out of both sides of his mouth - don't buy gold but I buy gold!!! You can't take this seriously. He has $100 Million to lose, I don't.
Look at the contrast between big George and Jim Rogers, it's quite remarkable. I wouldn't trust George as far as I could throw him.
Not a big surprise that he is trying to dampen enthusiasm for the shiny stuff. Increased demand = Increased prices ... and TPTB dont want that .. yet
gold is very speculative. there are way to many factors, hey we made a cool new gadget but we need a gram per unit and demand goes up and so does gold.....this year deposites discovered declined by 30% and gold goes up.....or deposites discovered rose by 30% and gold goes down, there are so many factors
I can bet you my last ounce George is one serious stacker. We are basing judgement on what he says in MSM, not what he does. ALL of these elites are not so stupid as many might think. Look at the results of their actions and ignore the white noise. Regardless of what Soros says in the MSM, you can be rest assured that little black duck is sitting on enough real money to sink a battleship. Don't be fooled. I guarantee you at some point in the future George will mysteriously 'find' a few tonnes of precious metals he just 'happened' to have laying around and 'forgot all about'. Yeah, pull the other one George...
....I believe the elite are very stupid, ruining human civilisation that they are a part of is insanity in my opinion
This has been fueling my thoughts as of late. Central banks and Governments wouldn't be buying Gold now if they didn't think it was going to be useful in the near future.
When our dumbass central bank see the light and realizes that 90 tons for 23 million people is suicidal light it will be time to see same with the UK. So which central banks is also important, as those the sold at the bottom will buy at the top.
Maybe gold wont break $2000 in 2013. But the very fact that high-profile people feel the need to predict it won't makes me feel I've made the right investment.
There is a lot of truth in what he's saying. Overall we can conclude that gold is extremely unpredictable. Good to hold gold, just don't overbuy and make sure you still own plenty of cash... I guess the long-predicted dollar crash is still very far away. Indeed: gold can go either way... which way will it go in 2013?
Check out the date and price when Soros was last widely quoted as saying gold is the ultimate bubble. He was probably misinterpreted ... Soros Warns of Gold Bubble 15/09/2010 "Gold is currently the only bull market, Soros said, adding that it may continue to rise but "it's not going to last forever." Gold for December delivery was losing $2.70 to $1,269 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Wednesday has traded as high as $1,273.40 and as low as $1,266.80." http://www.thestreet.com/story/10861961/1/soros-warns-of-gold-bubble.html
I highly doubt Mr. Soros doesn't invest a large percentage of his portfolio in gold. The only different though is his ability to liquidate and buy in again at the bottoms. Who knows he could have sold all his gold waiting for a correction, that's why he is taking a DUMP on the metals at the moment.
The saying that life happens while we are making other plans comes to mind. The world is more fragmented, fragile and unpredicable than at many other times in history. The manipulators can plan and take the price up and down but its only a matter of time before events beyond Their control push Gold High and I mean over $5000 and it will be quick. Those holding will be happy indeed, and imho its not that far of at all.
