Wednesday, August 18, 2010

Legendary Investor, George Soros Goes Long Gold and Reduces Equities Exposure

The man who nearly broke the bank of England in 1992, and made $1 Billion in a day and recently said that Gold is the "ultimate bubble", is increasing his Gold investment and reducing his equities holdings. When people of this caliber are long Gold, even at these levels, then you know something is seriously wrong with the U.S. financial system. His record speaks for itself and I would not want to argue with that.  BK  LINK...