Almost everyone has a reason to hate George Soros. Most people will quote his involvement with leftist political causes time and again. However, his enemies cannot hide their admiration for his bold investment prediction that the US stock market is headed for collapse.
In fact, Soros has just increased to more than $2 billion his financial bet that U.S. stocks will crumble, a move called shorting? the market by betting against good times. Hes been raising his short bet since last year.
George appears to be very confident about going short in the markets. Records released by SEC indicate that in the second quarter the put options for Soros Fund Management increased to 11.3 million. The ranking compared other firms trading in the S&P 500 exchange-traded funds category. This single move indicated a 14 percent rise in short positions from 3 to 17 percent.
The dollar position soared from 299 million to 2.2 billion dollars for his portfolio. This represented his single biggest move.
What did this famed and nefarious money manager see that most stock-market investors still do not? Well, apparently, much the same things that we see at Real Money USA: a slow-growth economy, an overweening government attempting to control every lever of it, increasing geopolitical unrest and a U.S. federal-budget deficit that only continues to balloon while addressing it meaningfully has faded as a concern of both parties in Washington, D.C.
A Looming Global Economic Meltdown
Soros has studied the market and seen the signs of another financial crisis. Its magnitude is scary since it will be more devastating than what happened in 2008. We share a similar opinion.
Interestingly, Soros at the same time has been doing something else with his resources: investing more in gold as a hedge against the disaster that he apparently sees coming. He nearly doubled his ownership in a U.S. gold-mining company's exchange-traded fund and initiated new stakes in other gold producers, Reuters reported.
God's Money Is Gold
The action taken by George Soros is not patented. You can make a similar move to protect the wealth that has taken you years of hard work to accumulate. Your wealth cannot even compare to the billions he invests. This is his surplus income. Yours is a nest egg in comparison to what he owns. The best way to guarantee a solid financial future is to stick to the plans that enjoy the favor of God. Focus on silver and gold coins as solid investments.
In fact, Soros has just increased to more than $2 billion his financial bet that U.S. stocks will crumble, a move called shorting? the market by betting against good times. Hes been raising his short bet since last year.
George appears to be very confident about going short in the markets. Records released by SEC indicate that in the second quarter the put options for Soros Fund Management increased to 11.3 million. The ranking compared other firms trading in the S&P 500 exchange-traded funds category. This single move indicated a 14 percent rise in short positions from 3 to 17 percent.
The dollar position soared from 299 million to 2.2 billion dollars for his portfolio. This represented his single biggest move.
What did this famed and nefarious money manager see that most stock-market investors still do not? Well, apparently, much the same things that we see at Real Money USA: a slow-growth economy, an overweening government attempting to control every lever of it, increasing geopolitical unrest and a U.S. federal-budget deficit that only continues to balloon while addressing it meaningfully has faded as a concern of both parties in Washington, D.C.
A Looming Global Economic Meltdown
Soros has studied the market and seen the signs of another financial crisis. Its magnitude is scary since it will be more devastating than what happened in 2008. We share a similar opinion.
Interestingly, Soros at the same time has been doing something else with his resources: investing more in gold as a hedge against the disaster that he apparently sees coming. He nearly doubled his ownership in a U.S. gold-mining company's exchange-traded fund and initiated new stakes in other gold producers, Reuters reported.
God's Money Is Gold
The action taken by George Soros is not patented. You can make a similar move to protect the wealth that has taken you years of hard work to accumulate. Your wealth cannot even compare to the billions he invests. This is his surplus income. Yours is a nest egg in comparison to what he owns. The best way to guarantee a solid financial future is to stick to the plans that enjoy the favor of God. Focus on silver and gold coins as solid investments.
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