George Soros, the renowned hedge-fund king pin, is disliked for all kinds of reasons. His funding of a chain of leftist political causes is one of the top reasons for his widespread unpopularity. But his enemies still admire him for one simple reason. His prediction that very soon, the US stock market will collapse.
The amount of money Soros has bet for a crumbling US stocks market has already hit 2 billion dollars. Such a move is called shorting. This simply means placing your bet against good times. His shorting bets have been rising gradually since the beginning of last year.
George Soros is displaying a peculiar confidence in shorting. SEC records show an increase to 11.3 million for his Soros Fund Management position. These rankings show performance alongside other firms operating in the S&P 500 exchange-trading space. The move represented a 14 percent leap to 17 percent up from a mere 3 percent.
The dollar value of that position soared from $299 million to $2.2 billion, and the put position represented the single biggest slice of Soros? portfolio.
What did this famed and nefarious money manager see that most stock-market investors still do not? Well, apparently, much the same things that we see at Real Money USA: a slow-growth economy, an overweening government attempting to control every lever of it, increasing geopolitical unrest and a U.S. federal-budget deficit that only continues to balloon while addressing it meaningfully has faded as a concern of both parties in Washington, D.C.
Anticipating A Global Meltdown
Soros is smart enough to read the signals of an approaching financial crisis. The crisis this time appears bigger and more threatening than that of 2008. We share similar views.
So Soros has adeptly transferred his wealth and resources into a sector he deems more secure. He has hedged his wealth in gold to cushion himself against the approaching financial meltdown. Reuters reported that his ownership in a company that mines gold has almost doubled. He also has bought stakes in other gold-related companies.
Gold Is God's Money
You do not have to possess the mammon that George Soros does to understand how the future is going to unfold and position your own investments in light of that wisdom. In fact, its probably disproportionately more important for you to do that with your financial nest egg than it is for Soros to do it with a spare $1 billion here or there. Its time to invest your assets in the only real long-term play, Gods Money, gold and silver coins and other instruments.
The amount of money Soros has bet for a crumbling US stocks market has already hit 2 billion dollars. Such a move is called shorting. This simply means placing your bet against good times. His shorting bets have been rising gradually since the beginning of last year.
George Soros is displaying a peculiar confidence in shorting. SEC records show an increase to 11.3 million for his Soros Fund Management position. These rankings show performance alongside other firms operating in the S&P 500 exchange-trading space. The move represented a 14 percent leap to 17 percent up from a mere 3 percent.
The dollar value of that position soared from $299 million to $2.2 billion, and the put position represented the single biggest slice of Soros? portfolio.
What did this famed and nefarious money manager see that most stock-market investors still do not? Well, apparently, much the same things that we see at Real Money USA: a slow-growth economy, an overweening government attempting to control every lever of it, increasing geopolitical unrest and a U.S. federal-budget deficit that only continues to balloon while addressing it meaningfully has faded as a concern of both parties in Washington, D.C.
Anticipating A Global Meltdown
Soros is smart enough to read the signals of an approaching financial crisis. The crisis this time appears bigger and more threatening than that of 2008. We share similar views.
So Soros has adeptly transferred his wealth and resources into a sector he deems more secure. He has hedged his wealth in gold to cushion himself against the approaching financial meltdown. Reuters reported that his ownership in a company that mines gold has almost doubled. He also has bought stakes in other gold-related companies.
Gold Is God's Money
You do not have to possess the mammon that George Soros does to understand how the future is going to unfold and position your own investments in light of that wisdom. In fact, its probably disproportionately more important for you to do that with your financial nest egg than it is for Soros to do it with a spare $1 billion here or there. Its time to invest your assets in the only real long-term play, Gods Money, gold and silver coins and other instruments.
About the Author:
Want to find out more about precious metal investing, then visit Anne Trimble's site on how to buy gold and silver.
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