Archive for August 2012
‘Be right and sit tight’
philosophy of trading.
August 15, 2012
upped his stake in GLD by 26%
with more than 44 percent of [his] U.S. traded equities tied to bullion.
Holdings in the SPDR Gold Trust are Paulson’s largest position.
“Paulson is seeking to reverse record losses last year
caused by an ill-timed bet on an economic recovery.
asked ‘do you own gold?’,
he smiled and said ‘Oh yeah, I do.’
If you’re going to own a currency,
it’s not sensible not to own gold.
there’s no sensible reason
other than you don’t know history and you don’t know the economics of it.
His suggestion is that gold “should be part of everybody’s portfolio”
as he explains the reality of the endgame of fiat monetary systems.
“Billionaire Frank Giustra
Is Making A Massive Bet
Gold … occupies the largest percentage of his investment portfolio
On September 16, 1992,…
Soros’ fund sold short more than $10 billion in pounds…
the UK withdrew from the European Exchange Rate Mechanism, devaluing the pound, earning Soros an estimated $1.1 billion
…became a billionaire in 2007
by wagering against the subprime mortgage market”
founded the investment management firm,
As of January 2012,
the company is the largest hedge fund in the world
with nearly $120 billion under management.