When you think about who George Soros is, there are many things that instantly come to mind. Whether it is his wealth, political status, economic policy advice, or even his ability to predict the markets with fairly great certainty, almost everyone has heard the name before. However, even if you don’t know exactly who he is then you should still be concerned when you hear about one of the wealthiest individuals in the world pulling a vast portion of their wealth out of the markets.
The thing to realize with someone like George Soros is that he isn’t entirely just pulling his money out and sitting on it. George Soros has taken a considerable portion of his assets and while he has pulled them from traditional equities he has turned around and put them all into gold and gold related investments. It is hard to know for certain what he is thinking but if you use basic reasoning you can almost tell George Soros is afraid of what is about to happen. While he thinks the economy is not worth investing in, you can also deduce that he thinks it is going to be so bad that people will pull out of equity based investments and will want to put their wealth into safer investments such as gold. That is exactly where he will be waiting to capitalize on the potentially impending market correction. This is also a textbook example of buying low and selling high so long as it works.
George Soros – The New York Times
The thing about George Soros is that while he may or may not be seen as correct in this current fashion, you still have to be aware of what he is doing. The fact of the matter is when someone is trying to move their position and get into something as safe as gold, they are not just trying to avoid what could be coming in the near future; they are afraid of it. George Soros is not just taking the time and effort to rearrange his portfolio and he is not simply diversifying from a new benchmark. George Soros is scared about what is about to hit which begs the question, is there something you should be scared of as well and is there anything you can currently do to prepare yourself?
When you think about the possibility of investing in gold, one of the top options for who can help you would be Philip Diehl and the US Money Reserve. When you are attempting to find the strategy that works best, not only can the US Money Reserve be a tremendous resource, but it can also be a plan that will protect your wealth and earnings at the worst case scenario, whether or not George Soros is correct in his predictions.
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