George Soros is a billionaire who has an estimated net worth of $24 billion. George Soros’ savvy expertise in the market place has made him fortunes, and he is known for warning of the risky China market comparing it to the US economy that was portrayed in 2007-2008. The US was under a financial crisis at that time and he can see the Asian nation following the same slump which would drag stocks down but boost government bonds.
Last quarter, George Soros was preparing for down times while he took back some of his US stock investments by more than one third and at the same buying valuable gold. Although the value of Soros Fund Management’s holdings dropped by thirty seven percent by the end of March, the firm still stands firm in owning millions and opts for a face value of $431 million reported at the end of March.
Soros also bought stocks and contracts on 1.05 million shares in the SPDR Gold Trust which helps track the price and increase the worth. Read more on http://www.investopedia.com/university/greatest/georgesoros.asp
Billionaire and investor Stan Druckenmiller, who is Soros’s former chief strategist is also known to be increasingly interested in buying gold. In the beginning of April, George Soros boasted that the yellow metal has produced the larges profit for his trust fund while the banking industry struggles with negative interest rates.
Gold prices have remained solid for the market, allowing George Soros, along with others to take advantage of the market shares and increase their overall currency. Their experience and careful planning make them one of the most successful businessmen.
George Soros was born August 12th, 1930 in Budapest, Hungary. He quickly rose to the investor, philanthropist and author. He holds dual citizenship, as he is now a Hungarian-American businessman detailing the stock market and total shares. He is currently the chairman of the Soros Fund Management. He is a prominent democratic supporter, and has been for many years. He is considered to be one of the top thirty richest men in the world. Not only is he ones of the richest investors, but he is also one of history’s most successful financiers. His views on the world’s economic issues on http://www.cnbc.com/2016/05/17/soros-fund-management-outlines-new-allocations.html as well as investments made throughout the years play a huge part in his life. He also works as an acting philanthropist who is responsible for an organization called Open Society Foundations. Open Society Foundations is responsible for the support of democracy and human rights in over one hundred countries. George’s success is valuable to the economy and his predications for the future economic ways can remain valid it today’s society. As a trust candidate with many years of knowledge with investments, he is widely known to provide exceptional information.