George Soros is an investment guru who doesn’t share the same opinion as his former partner Jim Rogers. George thinks that the gold price isn’t going to skyrocket forever. After the financial crisis and the burst of the house price bubble in the United States, people were searching for safe investments and they invested a lot in gold. The majority of the people saw it as a safe haven and the price of gold reached peak after peak. According to George it isn’t a safe refuge at all, it may be a new bubble that is going to burst in the future. Many people don’t believe his theory, well let’s see in ten or twenty years if he was right.
Maybe he can bring the price of gold down on his own, just like he did it before. By speculating on the pound sterling, he brought this currency down and a devaluation followed. Maybe he can do this over?
Jonas Van der Slycken
http://netto.tijd.be/sparen_en_beleggen/beleggen/-Goud_is_de_ultieme_zeepbel-.8290086-2213.art
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