This time, I agree with Soros - more risk than reward
FT.com / Commodities - Soros sharpens gold bubble debate:
Soros sharpens gold bubble debate
By Jack Farchy and James Mackintosh
Published: May 20 2011 19:20 | Last updated: May 20 2011 19:20
The ultimate asset bubble is gold . . .
It may go higher but it’s certainly not safe and it’s not going to last forever . . .
Gold has shown tendencies to go parabolic and usually bubbles tend to end in that parabolic rise before the collapse.
George Soros – who made the statements above at various points last year – has been one of gold’s most strident critics and also one of its largest investors.
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But now the billionaire financier has dumped a large portion of his gold investments, according to regulatory filings released this week and people with knowledge of the fund’s activities."