Billionaire hedge fund manager and avid liberal activist who has donated millions to Hillary this season has been brought up in allegations that he has paid people to protest Trump, but that isn’t why he is making the news today.
George Soros has made billions by making calculated financial moves that pay off big time for him, so when he makes a big move, people watch.
After being quiet on the investing side, George made a big move this week to short the world economy by selling stocks and buying gold. Lots and lots of gold.
George Soros allegedly bought billions in gold according to those close to his investments. What does that mean? It means that the global economy could be heading down a dark road.
When billionaires stop buying stocks and invest in gold, they thing that the economy is going to drop and the safest place to store investments is in gold.
Look at the last market crash in 2007. Gold peaked at close to $3,000 an ounce. It is down now, selling around $1,300 an ounce.
Why should anyone trust George Soros? Back in 1992 the British Pound was set to drop significantly and Soros saw it coming. He mad a similar move then and made close to a billion dollars.
George Soros may not have too much sense when it comes to picking his favorite politicians, but he knows global economy and banking, so this could be a strong warning that danger is coming.
Do you trust George Soros enough to share his concern of the global economy? Let us know in the comments below.