Barick Gold Despite lackluster gold prices, billionaire investor George Soros is holding steady on his bet that the yellow metal will rise again. Gold has dropped significantly in the face of incessant money printing by the Federal Reserve, which also inflated a stock market “recovery.” Soros is cleverly hedging against an economic collapse by going long on Barrick Gold Corporation (NYSE:ABX).
Soros is a mythical figure of financial markets. After spending his early childhood escaping from Nazi Germany, he found himself in London, studying philosophy under Karl Popper. He finished a PhD thesis at the London School of Economics, but couldn’t find work after completing his education. Eventually, Soros found his way to finance, paving the way for a legendary investment career.
Read the full story at Profit Confidential By Gaurav S. Iyer
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