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  1. #1
    Senior Member
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    Sep 2012
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    105

    George Soros Invests Heavily in Gold: Forbes Says donít Follow him

    Genius billionaire investor, convicted currency manipulator, and Obama financial backer, George Soros, bought millions of dollarsí worth of gold recently. While the news has investors buzzing and speculating about Sorosí view of Americaís faltering economy, Forbes Magazine is warning investors that imitating George would be foolish.

    Soros has a doom and gloom view of the US economy, believing it to be on the verge of collapse.

    Nigam Arora of Forbes , has warned that neither investor has a good track record when it comes to precious metal investments. Arora is not advising investors against gold, but he is cautioning them not to base their decisions on the thinking of a billionaire with a penchant for shady dealing and extreme secrecy.

  2. #2
    Senior Member
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    Jul 2012
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    161
    Forbes has a point. You shouldn't follow other investors unless you know their plan and their entire range of trades and stocks.

    ALthough it will be interesting to see whether Forbes has enough influence to persuade investors from following the lure of Soros and Paulson.