George Soros warns investors away from the ultimate gold bubble

September 20th, 2010
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Hedge fund giant George Soros has warned that the rising price of gold and the commodity’s recent record highs are the “ultimate bubble,” stressing that while prices may continue to reach new heights, they will ultimately fall and disappoint investors. According to Reuters Mr. Soros remains skeptical of the United States’ ability to return to economic stability and stated that all investments, including in gold, come with risks and uncertainty.

Mr. Soros’s hedge fund, Soros Fund Management LLC, has retained significant stakes in gold and gold-mining companies. At the end of June it held 5.24 million shares, or $650 million, in SPDR Gold Trust, and $250 million in equity holdings in mining companies.
For Detailed Investor Profiles on these Investors, click below:
Soros Fund Management
Related People: George Soros; Jeff Eberwein; Keith Anderson*; Robert Donald; Robert Soros; Scott Bessent; Zameer Arora
Related Entities: Pharos Financial Group (seeded) ; Quantum Emerging Growth Fund; Quantum Fund; Quantum Group of Funds; Soros Capital LP; Soros European Equity Fund; Soros Quantum Endowment Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News


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