George Soros is pessimistic about the global economy, but there is always an opportunity to profit in a disappointing economy if a person knows where to invest their wealth. According to CNBC, Soros predicts the potential collapse of the European Union and the situations in Greece and China will lead to a gloomy global economy. Soros Fund Management is selling stocks and buying gold, which is considered a hedge against inflation. The billionaire investor is also buying shares of bullion miners.
Expect more people to invest in gold, since Soros is known as one of the world’s greatest investors. Investopedia lists his numerous accomplishments, such as earning $1 billion in a single day by shorting the British pound. George Soros also ran the Quantum Fund, where investors saw 30 percent returns while Soros managed the fund. While Soros graduated from the London School of Economics, he claims most of his buying and selling is instinctive, therefore, no one can emulate his winning strategies.
MarketWatch says that Soros, content since 2000 to concentrate on his Open Society Foundation and philanthropy, is back to trading. Soros Fund Management, which was always closely monitored by Soros, is seeing Soros in the office more than ever since his retirement. Analysts speculate that Soros is expecting tumultuous markets, and he wants to jump ahead of the pack by tailoring the firm’s investment strategy to take advantage of the chaos.
The legendary investor’s personal website offers no clues concerning his reasons for getting back into the market. Soros’ interest in world politics, however, does give other investors several hints as to why he expects the global economic situation to worsen.
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