Billionaire Investor George Soros Dumps Gold

Posted by SOTONYE AFIESIMAMA on February 18, 2013 in The Stock Market |

George Soros

George Soros

knows a thing or two about investing in stocks and shares and yesterday was reported to have sold 700,000 of his gold ETF; he previously owned $1,300,000 worth a total of $227,000,000.

So should you follow suit?

I have been watching gold prices since December and have seen prices hit nearly £1700 an ounce. Gold is now trading at just over $1600 an ounce, nearly $50 less than it did on January 17th, so Mr Soros would have made a very tidy sum 🙂

If you’re investing for short to medium term, then you probably should hold on to your gold as experts predict a recovery over the next few months.

Happy investing!

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Sotonye Afiesimama

P.S. Me and my business associates Brian, Todd and Norbert have built a $15,000,000 empire in just over 4 years. You can too, IF you follow our lead by first clicking here.

My YouTube Video on the article above is on page 1 of Google’s organic search results!


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