I’ve written a few posts on George Soros and his recent gold accumulation. Here is Victor Sperandeo on what George Soros is actually thinking by simultaneously calling gold “the ultimate asset bubble” while at the same time raising his Gold stake to 9% of his long holdings at Soros Fund Management.
Sperandeo is the only person I know who ever received a cold call from Soros to run his money.
Why Would Soros Buy Gold Futures or a Gold ETF (GLD)?
followup question: how will he know when to step off? :)
when his back starts hurt.
I don't think there's a conspiracy on his part.
* He's already rich.
* He's already the best global macro manager of all time.
* He has nothing to prove.
Soros also paid for the gold in full. Usually, if some jackass wants to
get clever, they almost always go to the derivatives markets and lever
up their positions. Filing the 13F is too public and too much a PITA…
Is Soros' position large enough to drive the price of gold up? If so would that be a strategy on its own – buy enough to drive market up, tell the media that you are doing this to get others to follow you, and then sell.
I don't think there's a conspiracy on his part.
* He's already rich.
* He's already the best global macro manager of all time.
* He has nothing to prove.
Soros also paid for the gold in full. Usually, if some jackass wants to
get clever, they almost always go to the derivatives markets and lever
up their positions. Filing the 13F is too public and too much a PITA…
Is Soros' position large enough to drive the price of gold up? If so would that be a strategy on its own – buy enough to drive market up, tell the media that you are doing this to get others to follow you, and then sell.