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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSoros dumps US stocks, buys gold
Soros dumps US stocks, buys goldhttps://www.rt.com/business/343332-soros-gold-us-stocks/
"SNIP.............
Billionaire George Soros has cut investment in US stocks by one-third and acquired a $264 million stake in the worlds biggest bullion producer, Barrick Gold, Bloomberg reports, quoting the investors fund data.
Overall, in the first quarter of 2016 the value of publicly disclosed holdings of Soros Fund Management fell by 37 percent to $3.5 billion.
At the same time, Soros bought a 1.7 percent stake in Toronto-based Barrick Gold for $264 million, the biggest US holding in the company.
Gold is always a safe haven at times when risks for investors are escalating. Its better to sit out turbulence with gold, economist Natalya Volchkova told the Ridus news agency.
.............SNIP"
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Soros dumps US stocks, buys gold (Original Post)
applegrove
May 2016
OP
applegrove
(118,696 posts)1. People are afraid the US economy will tank if Trump gets in.
leveymg
(36,418 posts)3. The Democratic nominating process is about to undergo a radical change
Last edited Wed May 18, 2016, 09:51 AM - Edit history (1)
That's the more immediate event that could roil the markets. Since the current front runner is seen as Wall Street friendly, that may not be viewed as a favorable development.
scscholar
(2,902 posts)2. Sad to see he is planning to lose...
rather than spending his money to win.
Stinky The Clown
(67,808 posts)4. Que Glenn Beck in 5 . . . 4 . . . 3 . . . . . . .