Almost everyone has a reason to hate George Soros. Most people will quote his involvement with leftist political causes time and again. However, his enemies cannot hide their admiration for his bold investment prediction that the US stock market is headed for collapse.
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.
And Soros isn't going further in this direction gingerly: In the second quarter, SEC records show, Soros Fund Management increased its position to 11.3 million put? options on the S&P 500 exchange-traded fund, boosting the short position from 3 percent to nearly 17 percent.
The dollar position soared from 299 million to 2.2 billion dollars for his portfolio. This represented his single biggest move.
It is evident that the famous and savvy money manager has observed something in the stock market that other investors cannot see. The trend in the stock-market appears to be mirror of how we look at things, too, here at Real Money USA. The economy is showing slow growth, an encroaching government, rising geopolitical conflicts and a federal budget deficit that is spiraling out of control. The solution to these challenges appears not to concern any political party in Washington, D. C.
Anticipating A Global Meltdown
Soros has studied the market and seen the signs of another financial crisis. Its magnitude is scary since it will be more devastating than what happened in 2008. We share a similar opinion.
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
The action taken by George Soros is not patented. You can make a similar move to protect the wealth that has taken you years of hard work to accumulate. Your wealth cannot even compare to the billions he invests. This is his surplus income. Yours is a nest egg in comparison to what he owns. The best way to guarantee a solid financial future is to stick to the plans that enjoy the favor of God. Focus on silver and gold coins as solid investments.
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.
And Soros isn't going further in this direction gingerly: In the second quarter, SEC records show, Soros Fund Management increased its position to 11.3 million put? options on the S&P 500 exchange-traded fund, boosting the short position from 3 percent to nearly 17 percent.
The dollar position soared from 299 million to 2.2 billion dollars for his portfolio. This represented his single biggest move.
It is evident that the famous and savvy money manager has observed something in the stock market that other investors cannot see. The trend in the stock-market appears to be mirror of how we look at things, too, here at Real Money USA. The economy is showing slow growth, an encroaching government, rising geopolitical conflicts and a federal budget deficit that is spiraling out of control. The solution to these challenges appears not to concern any political party in Washington, D. C.
Anticipating A Global Meltdown
Soros has studied the market and seen the signs of another financial crisis. Its magnitude is scary since it will be more devastating than what happened in 2008. We share a similar opinion.
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
The action taken by George Soros is not patented. You can make a similar move to protect the wealth that has taken you years of hard work to accumulate. Your wealth cannot even compare to the billions he invests. This is his surplus income. Yours is a nest egg in comparison to what he owns. The best way to guarantee a solid financial future is to stick to the plans that enjoy the favor of God. Focus on silver and gold coins as solid investments.
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