Article

2010-11-18 Economy

Soros buys gold after calling it 'ultimate bubble'

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Posted by Fred 2010-11-18 00:00|| || Front Page|| [11123 views ] Top

#1 "Indeed, as recently as 2005, gold's average real return over 154 years was zero,"

The gold I bought two years ago has had a return of 90% in two years. It's all a matter of timing, isn't.

"gold's average real return over 154 years was zero,"

Ask my grandma about the return of the Reichsmark in the 1920s...

Posted by European Conservative 2010-11-18 00:20|| 2010-11-18 00:20|| Front Page Top

#2 Another line on the chalkboard.... from Glenn Beck, to George Soros!

Now we know who he meant when he said he had to find someone new, because Zero wasn't working out.

Posted by Thing From Snowy Mountain 2010-11-18 00:26|| 2010-11-18 00:26|| Front Page Top

#3 Soros is an international menace. I'm truly surprised that some government hasn't offed him yet.

Posted by Anonymoose 2010-11-18 05:01|| 2010-11-18 05:01|| Front Page Top

#4 He's 80, he'll be dead soon enough.
I'd be looking at whoever his successor will be.

Posted by Redneck Jim 2010-11-18 10:36|| 2010-11-18 10:36|| Front Page Top

#5 Looks like he's realized he's participated in screwed up the economic environment, with a lot of unassisted help, to the point that now he's looking to sandbag his position. He's been too smart by half.

Posted by Procopius2k 2010-11-18 11:50|| 2010-11-18 11:50|| Front Page Top

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Posted by Hellfish 2010-11-18 12:31|| 2010-11-18 12:31|| Front Page Top

#7 Speak loudly of a bubble, quietly buy at suppressed price, loudly announce purchase, wait for retail investor dupes to pile in at the top, quietly divest at tidy profit, announce in exasperated tone to now-poor retail investors that you told them so, wash, rinse, repeat. The trick to making real money is having a big enough soapbox to impact the markets and in livin beyond the jurisdiction of governments who take a dim view of manipulation (if any such still exist).

Posted by AzCat 2010-11-18 15:47|| 2010-11-18 15:47|| Front Page Top

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