subject: Learn How To Invest In Gold From George Soros [print this page] George Soros managed to outwit gold investors just like he managed to outwit governments a few years back. In 1992 he made more than 1 billion dollars only by short-selling sterling.
When he recently appeared at a public conference, he stated that gold is the "ultimate bubble". Some investors took what he said literally and began to sell their gold at lower prices. And what did Soros do next? He went out and bought some gold. To be more exact, he doubled his investment in gold and now owns 6.2 million shares in the US-listed gold exchange traded fund, SPDR Gold Trust. His small fortune is now worth about 680 million dollars.
If we stop and think, what he did was not bad after all. When you want to buy something, you don't offer the best price for that thing. You frown, mutter a bit and then offer the smallest price. This can be regarded as one of the oldest market tricks in the book: if you want to sell-you stir the market up, if you want to buy-you calm it down.
So, if Soros is actually investing in gold why shouldn't we? Gold has and always will be a secure investment but as far as money is concerned it is being debased and it's not even paying a decent interest. Gold has faced many disasters but it has never lost its appeal. Today, investing in gold may be the best financial investment strategy. Due to the financial climate today, paper currency is losing its value and we need something to secure our savings with.
If you intend to purchase this precious metal you should do this right now when the market is hot. There are numerous ways in which one can invest in gold. Most economists advise us to invest in physical gold. It is good to have your gold with you in case something bad happens and no in a bank oversees.
