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RE: Another Billionaire Goes All In On The "Barbarous Relic" Gold While Mainstream Media Remains Silent
Gold is the most conservative investment - not the government long-term bonds, as consultants love to say, but gold. And the most stable in the long-run - and we can find proof in your analysis and in the previous posts regarding the gold standard.
All the experienced investors like Soros of course understand it.
Unfortunately, the majority of the market in unexperienced and stuck in the short-term returns management. This is also what could lead the market to crash faster than we think.
Soros actually liquidated quite a bit of gold recently and his gold mining shares of Barrick Gold. While I agree with you that gold is by far the safest long term investment, people who are interested in timing investments might consider that gold still needs a capitulation phase before rising higher, which it came close to experiencing last year.
At least from Soros' actions, this appears to be what he's expecting. Some people think that central banks will raise rates to intentionally make things bad after the US election so that they can push their next agenda. I'm not one for conspiracies, but Soros seems to think that there's little upside to gold, or he thinks something else is a much better opportunity than gold.
My suggestion for people is as long as you get in cheap, you don't need to focus on timing.
Applause!
Thanks)
I agree