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BLOG MAKE MONEY $ ~ NEW YORK - Billionaire big fish, GeorgeSoros again did the unexpected action. 82-year-old man adds tohis portfolio in precious metals in the first quarter of 2012.
Through SPDR Gold Trust, Securities and Exchange CommissionUnited States (U.S.) explained, gold investment portfolio SorosFund Management LLC increased rapidly up to 273.96 percent.The details, in the last quarter of last year only 85 450 sharesownership Soros. But in the first quarter of this year's ownership to319 550 shares.
Keep in mind, the first three months of this year, the price of the precious metal rose 6.7 percent. At that time, the market speculatedthat the U.S. central bank, The Federal Reserve will begin buying upbonds or third episode of quantitative easing.
"At that time, people were more optimistic about economic growthbecause there is a signal quantitative easing (QE3). Lot of liquidityflowing into riskier assets, including commodities and precious metals," commentator Michael Gayed, chief investment strategist,Pension Partners LLC New York.
Then what will happen to Soros investment? This strategy isintriguing, because starting from 30 March, gold prices havecollapsed at least 8.1 percent and recorded the biggest declinesince 2004. Greek political climate heats up to encourage investorsbusy buying up the U.S. dollar and switch from gold. That is, Sorosbought gold before its price fell sharply.
"Conditions at the end of this week-end was different from what happened in the first quarter," said Gayed.
For the record, the SPDR Gold Trust, also known as SPDR GoldShares is part of the exchange-traded funds (ETF) managed andtraded by State Street Global Advisors. Underlying this is a goldtransaction. (Dyah Megasari / kontan)
SOURCE: KOMPAS.com
please give me comments thanks
Through SPDR Gold Trust, Securities and Exchange CommissionUnited States (U.S.) explained, gold investment portfolio SorosFund Management LLC increased rapidly up to 273.96 percent.The details, in the last quarter of last year only 85 450 sharesownership Soros. But in the first quarter of this year's ownership to319 550 shares.
Keep in mind, the first three months of this year, the price of the precious metal rose 6.7 percent. At that time, the market speculatedthat the U.S. central bank, The Federal Reserve will begin buying upbonds or third episode of quantitative easing.
"At that time, people were more optimistic about economic growthbecause there is a signal quantitative easing (QE3). Lot of liquidityflowing into riskier assets, including commodities and precious metals," commentator Michael Gayed, chief investment strategist,Pension Partners LLC New York.
Then what will happen to Soros investment? This strategy isintriguing, because starting from 30 March, gold prices havecollapsed at least 8.1 percent and recorded the biggest declinesince 2004. Greek political climate heats up to encourage investorsbusy buying up the U.S. dollar and switch from gold. That is, Sorosbought gold before its price fell sharply.
"Conditions at the end of this week-end was different from what happened in the first quarter," said Gayed.
For the record, the SPDR Gold Trust, also known as SPDR GoldShares is part of the exchange-traded funds (ETF) managed andtraded by State Street Global Advisors. Underlying this is a goldtransaction. (Dyah Megasari / kontan)
SOURCE: KOMPAS.com
please give me comments thanks
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