George Soros warns gold is now the 'ultimate bubble'

Discussion in 'Economics' started by Debaser82, Jan 28, 2010.

  1. Would love to know his price.
     
    #11     Jan 28, 2010
  2. Of course not! You are the only one intelligent enough to think so deeply on something like this.......
     
    #12     Jan 28, 2010
  3. Gold is useless (except for a few rare electric contacts or heat insulating uses), so technically gold is a bubble at almost any price.

    By the way Soros may well be short gold (or holds some puts).
    He isn't offering his advice as a service to community.
     
    #13     Jan 29, 2010
  4. rew

    rew

    The dollar is useless (except for burning it for heat) so technically the dollar is a bubble at almost any price.
     
    #14     Jan 29, 2010
  5. Take whatever Soros says and consider the opposite as the truth.
     
    #15     Jan 29, 2010
  6. Soros hasn't had very many good calls lately...except for moving to socialism. I do think that gold will not go much higher than 1200 in the near term as I don't think we see any real economic growth in the next couple years. However, once we see growth in the world economy, gold will move higher...especially if the fed doesn't handle the dollar correctly by removing liquidity at the right time (which I am fairly sure they will screw up).
     
    #16     Jan 29, 2010
  7. Illum

    Illum

    From the little I know Rodgers was the real trader, Soros is a cheat of epic proportions.
     
    #17     Jan 29, 2010
  8. ashatet

    ashatet

    I guess I better sell all my gold and buy the equities. I just need to hope that the bigger sucker will be around when I am ready to sell.
     
    #18     Jan 29, 2010
  9. #19     Feb 1, 2010
  10. #20     Feb 1, 2010