Posted on 10/01/2014 12:32:56 PM PDT by MeneMeneTekelUpharsin
George Soros may be one of the best investors on Earth.
In 1973, he founded the Quantum Fund. Over the next two decades, Soros went on to earn 30% annual returns for his clients. This performance has cemented his place amongst legends like Warren Buffett and Peter Lynch.
That’s why you should always watch what stocks Soros is buying. And right now, he’s making some big bets on the mining sector.
George Soros bought $18 million of this gold stock.
Soros hasn’t hesitated to express his concerns about fiat currencies. Central bankers are flooding the world with cheap money and hidden inflation. That’s probably why he has built huge stakes in names like Barrick Gold Corp, Goldcorp Inc, and Silver Wheaton Corp.
Soros has also picked up another name. In a recent 13-F filing, he disclosed a stake in Yamana Gold Inc. (TSX: YRI)(NYSE: AUY). As of June, Soros owned 2.1 million shares valued at US$17.7 million.
(Excerpt) Read more at fool.ca ...
With the Obamaconomy being what it is, I can’t afford to buy that much.
I will never, ever follow the lead of evil.
Buy stock....don’t make me laugh.
I ate a pack of hot dogs and a can of pork and beans for dinner last night. LOL!
That was the stuff I ate in the 70’s growing up during the Carter years.
This economy hasn’t been kind to my husband and I.
Same as it ever was.
$18M? That’s a head-fake to Soros.
The old “pump and dump” for sure.
at the moment I couldn’t buy $1.80 worth
He only bought $18M because that’s all they had left to sell. /sarcasm
I’m about there too
I wonder where George keeps his stash ?
You can switch to pasta.
These days, it’s the “other” white meat
I don’t see a short-term lift in gold. Silver, maybe but an ounce of gold is now commanding over 70 ounces of silver. Historically that ratio has been between 9oz -16oz to 1oz. I don’t think this overpriced gold can last. I expect it to drop a bit ( to $800-$900 an ounce maybe) and silver to rise (to $75-$100 an oz, also maybe) but what do I know? That’s free analysis guaranteed to be worth every penny you paid.
I’m actually in the business, BTW and I have almost no clue. Buy some silver if you can, keep it around if you can but don’t expect it to make you rich. US scrap silver coins are my suggestion
you cant eat gold
you cant plant it
you cant drink it
and you cant shoot it
you cant take it to any bank to cash it in, either
and if you flash it, you will get shot
only fools buy gold in preparation for the meltdown
I believe in my comment I said, “This is a trap. ... Don’t buy this stock.”
Is that like Acapulco Gold?
You are psychic.
I just happen to be having pasta tonight.
All joking aside, I am very grateful to have my health, my husband, a roof over my head, and food in my belly.
I wasn’t very grateful when I had more.
“George Soros may be one of the best investors on Earth.”
George Soros is a remnant of Hitler’s Third Reich. He’s invested billions in neo-Nazi movements across the globe. Where are our State Department Nazi hunters? Oh, that’s right. They agree with Soros and take millions from Soros to promote nascent Nazis movements around the world, including here in the US.
The Nazi Soros funds the anti-Isaeli BDS movement. He’s also bought a dozen PR firms, especially in New York City, to spew out propaganda that is presented as “news” by the left wing media.
Don't worry. It's on its way there. $5.89 per share as I speak. Soros is taking a loss. Now, THAT is good news.
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