Article

2010-02-18 Economy

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Posted by tipper 2010-02-18 07:44|| || Front Page|| [3 views ] Top

#1
The man makes money by causing chaos.

Watch Out!

Posted by Parabellum 2010-02-18 08:34|| http://sidemeat.wordpress.com/ 2010-02-18 08:34|| Front Page Top

#2 Mr Soros himself has suggested that gold may not be a good investment.

He would say that if he was about to buy ... Its probably one of the most stable long term investment around . Since 2000 it has rocketed in price with one small slump in early 2009 .

price per troy oz in 2000 =400 approx
" " in 2009-10 =1100 approx

Thanks to Gordon Brown (ok gold prices had stagnated for about a decade in the 90's ) the UK became a poorer nation , he was chancellor of the exchequer. He sold off more than half of our centuries old gold , at what now turns out to be rock bottom prices .

400 tons of gold , can you possibly imagine !!

/rant

Posted by Oscar 2010-02-18 09:00|| 2010-02-18 09:00|| Front Page Top

#3 The man makes money by causing chaos.

The man makes money on the misery and suffering of others. He's been doing that since 1944.

Posted by Steve White 2010-02-18 09:37|| 2010-02-18 09:37|| Front Page Top

#4 Reading this I have to ask.
Does Soros actually own any Gold, or only "Shares"?
The way it reads he 's invested in "Paper Gold" only?

Posted by Redneck Jim 2010-02-18 09:39|| 2010-02-18 09:39|| Front Page Top

#5 Speculating on gold, even for a dedicated schemer like Soros, is a damned dangerous game. The major players in gold have been in there for generations, and are very bloody minded.

Hopefully they will take Soros for every dime he has, or could ever have.

Posted by Anonymoose 2010-02-18 10:01|| 2010-02-18 10:01|| Front Page Top

#6 The value of the world's entire known gold reserves is a small fraction of the total "wealth" held in the fiat money economy. Ultimately, gold's a great play if all that fiat "wealth" is going away. Paper money, indeed...

Posted by M. Murcek 2010-02-18 10:25|| 2010-02-18 10:25|| Front Page Top

#7 why is this man still alive?

Posted by bman 2010-02-18 11:40|| 2010-02-18 11:40|| Front Page Top

#8 ...miracles of modern medicine and the fact the French haven't been able to get their hands on him.

I remember the Hunt brothers tried to corner the market in silver back in the 80s. When the price reached a certain point, it seemed like everyone dumped their family silverware, old coins, etc from the basement or attic or nook. Crashed the market, basically bankrupted the pair.

Posted by Procopius2k 2010-02-18 11:48|| 2010-02-18 11:48|| Front Page Top

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Posted by Blinky Spique7717 2010-02-18 13:12|| 2010-02-18 13:12|| Front Page Top

#10 I'm a thinking.... Soros is building a pyramid somewhere and wants to take the gold with him into the afterlife...

Posted by 3dc 2010-02-18 16:36|| 2010-02-18 16:36|| Front Page Top

#11 Maybe gold's an OK investment if you've got a lot of money to spare, but you can't eat it.

Posted by Barbara Skolaut 2010-02-18 18:28|| 2010-02-18 18:28|| Front Page Top

#12 Funny, I always thought of George Soros as Ernst Blofeld, not Auric Goldfinger.

Posted by Shieldwolf 2010-02-18 18:35|| 2010-02-18 18:35|| Front Page Top

#13 Very true Ms. Skolaut. Turning up at a closed and boarded up Kroger with a hand full of Krugerrands will be rather meaningless.

Posted by Besoeker 2010-02-18 18:36|| 2010-02-18 18:36|| Front Page Top

#14 Meanwhile the IMF is selling 400 metric tons of gold.

Posted by DMFD 2010-02-18 19:36|| 2010-02-18 19:36|| Front Page Top

#15 Soros isn't primarily buying and taking possession of gold, at least so far as the article discloses. He's buying stocks and derivatives that make a lot of money when other people buy gold.

That's why he can call it a bubble and still invest.

Posted by lotp 2010-02-18 20:44|| 2010-02-18 20:44|| Front Page Top

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