Posted:
#1
unloading some gold... 800 million worth..
soros is betting against gold
...
Views: 1839
Posts: 21
Posted:
#2
NEW YORK (CNNMoney) -- Billionaire hedge fund manager George Soros sold nearly $800 million of gold during the first quarter, as the precious metal surged to record highs.
The investments in gold and mining companies made up about 10% of Soros Fund Management's $8.4 billion portfolio.
cnn money website tuesday
Posted:
#12
I really don't understand the hype about investing gold/silver, diamond or what ever piece of rock there is out there. I recall back in the 80's/90's it was a good investment because the US was growing. Now with all the debt the US is in. Anything they say to fool you to believing. I spoke to a friend of my which is older then me say that the US doesn't understand about going hunger/war. He stated that salt/sugar was more valuable during the hard time back in the 50's/60s.
Posted:
#14
Quote Originally Posted by PASA818:
I really don't understand the hype about investing gold/silver, diamond or what ever piece of rock there is out there. I recall back in the 80's/90's it was a good investment because the US was growing. Now with all the debt the US is in. Anything they say to fool you to believing. I spoke to a friend of my which is older then me say that the US doesn't understand about going hunger/war. He stated that salt/sugar was more valuable during the hard time back in the 50's/60s.
I really don't understand the hype about investing gold/silver, diamond or what ever piece of rock there is out there. I recall back in the 80's/90's it was a good investment because the US was growing. Now with all the debt the US is in. Anything they say to fool you to believing. I spoke to a friend of my which is older then me say that the US doesn't understand about going hunger/war. He stated that salt/sugar was more valuable during the hard time back in the 50's/60s.
Investing in gold has nothing to do with the wealth of a country. Gold will always be of value. That being said, I do think it is overpriced right now
Posted:
#16
[Quote: Originally Posted by alling] internet bubble
real estate bubble
precious metals bubble
[/Quote>]This is where you are wrong the bubble is the FIAT currency bubble that is bursting. Do some research. You collect your cash, I will collect my gold and silver and see who wins in 10 years.
Posted:
#21
Quote Originally Posted by PASA818:
I really don't understand the hype about investing gold/silver, diamond or what ever piece of rock there is out there. I recall back in the 80's/90's it was a good investment because the US was growing. Now with all the debt the US is in. Anything they say to fool you to believing. I spoke to a friend of my which is older then me say that the US doesn't understand about going hunger/war. He stated that salt/sugar was more valuable during the hard time back in the 50's/60s.
I really don't understand the hype about investing gold/silver, diamond or what ever piece of rock there is out there. I recall back in the 80's/90's it was a good investment because the US was growing. Now with all the debt the US is in. Anything they say to fool you to believing. I spoke to a friend of my which is older then me say that the US doesn't understand about going hunger/war. He stated that salt/sugar was more valuable during the hard time back in the 50's/60s.
If your friend was around in the 1930's ... I'm sure he would of said salt or sugar was more valuable than gold. The depression era was a mess
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