Is it time to get involved in the bear market, and start investing in gold? If you like to follow the lead of financial guru, billionaire hedge fund owner and investor George Soros, you might.
Just recently Soros has begun getting very “bearish” in his financial strategies, as he recently directed Soros Fund Management to make some very significant investments in gold and shares in gold miners. This all comes after being out of the trading market for quite a long time. Soros Fund Management is the company that manages about $30 billion for Soros’ family, and the company has sold off many of its stock holdings even as it is buying gold.
Right now George Soros is taking a gloomy outlook on the markets, which is why he is making these moves. This year has been a very volatile one globally, with the markets reacting to the extreme volatility coming out of China as it attempts to move from from a largely manufacturing economy into one that is more focused on service and consumerism. Soros has noted that capital flight is now a real concern for China, as its ingrained political philosophies are inhibiting the chances for real reform there.
George Soros | The New York Review of Books
Crises In The EU Affecting The Markets
The volatility we’re seeing right now isn’t just coming from China’s situation, according to George Soros. Right now the leaders of the European Union are veering from crisis to crisis at the EU faces challenges from right and left. The ongoing migration issue, the fate of the euro, and the question of whether or not Britain will even stay in the EU are all major questions yet to be resolved. All of this is leading to an unsteady marketplace, and for now, Soros is betting on gold as a more stable investment base than stocks.
Will the markets stabilize soon? No one knows, but for now Soros is betting that the answer is no.
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