Friday, September 17, 2010

Soros reiterates gold as the ultimate bubble

He declared gold is the "ultimate bubble" in January, and reiterates that sentiment today. Problem is, his fund loaded up on gold and gold-related assets last December. Is he talking down his book? You decide.

http://uk.reuters.com/article/idUKTRE68E3PX20100915


In the video, he declares gold is the ultimate bubble destined to "disappoint" investors, yet he admits gold has been the best-performing asset in his funds in 2010. He could have said gold was the best-performing asset class for the last 10 years, and still have been correct.

http://insider.thomsonreuters.com/link.html?ctype=groupchannel&chid=3&cid=144412&start=0&end=124&shareToken=MzoxOTI3YTRkNS1jMzRjLTQ1OTYtODJiNS1mNDY3OTg2ZWVjOWY%3D

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