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Friday, January 29, 2010

Soros Gold is the ultimate bubble

George Soros, legendary currency trader Philanthropist billionaire and chairman of Soros Fund Management tells the World Economic Forum in Davos Switzerland that gold is in a bubble due to burst . "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment," "The ultimate asset bubble is gold." according to The Telegraph.


  1. Gold the ultimate bubble!!!! Now georgee why would you say that ? If so sell your gold. The only bubble is your head up you ass and you dribbling bubbles as you dribble.

  2. I beg to differ: there is no goold bubble, only a dismal dollar performance due to reckless monetary "pumping" scientifically called inflation.



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George Soros was born in Budapest, Hungary, in 1930. His father was taken prisoner during World War I and eventually fled from captivity in Russia to reunite with his family in Budapest. Soros was thirteen years old when Hitler's Wehrmacht seized Hungary and began deporting the country's Jews to extermination camps. In 1946, as the Soviet Union was taking control of the country, Soros attended a conference in the West and defected. He emigrated in 1947 to England, supported himself by working as a railroad porter and a restaurant waiter, graduated in 1952 from the London School of Economics, and obtained an entry-level position with an investment bank.

In 1956, Soros immigrated to the United States, working as a trader and analyst until 1963. During that time, he developed his own theory of markets called 'reflexivity', which he has laid out in his recent books THE ALCHEMY OF FINANCE and THE CREDIT CRISIS OF 2008 AND WHAT IT MEANS. In 1967 he helped establish an offshore investment fund; and in 1973 he set up a private investment firm that eventually evolved into the Quantum Fund, one of the first hedge funds, through which he accumulated a vast fortune.