For years now, George Soros has made very few changes to his investment strategies. Yet, now he is making some big changes that signal he has become a bearish investor, hunkering down, preparing to weather a bad economic storm that he claims to see just over the horizon, as it were. Many investment analysts are paying attention. He has been right so many times before, that they are smart to pay attention to his wisdom. He has, after all, amassed his own fortune of approximately $30 billion.
George Soros has made many comments in the last year, some of which ended up in publications on Wall Street, that make it clear he does not intend to continue supporting stocks that he believes may completely fail in the near future. He has sold millions of his equities assets and then turned around and immediately bought large amounts of gold and invested in active gold mines. Both of these moves signal his belief in a major economic downturn, very soon.
He has made many comments pertaining to China’s economic problems with corruption and over-growth in all of their markets. He says he is concerned that China’s finances will soon drop through the floorboards. He worries that China’s problem will become everyone in the world’s problem soon, similar to how Greece caused major upheaval in the European Union (EU) when they defaulted on a major loan, but on a much bigger scale. He believes not only all Asian countries will have their economies pulled down, but that everyone who relies on China, including much of the West will suffer as well.
A Bearish George Soros Is Trading Again
The reason analysts are so concerned is that George Soros has been right in his predictions and investment savvy, on very similar situational terms, a number of times in the past. He certainly did correctly predict the fall of the British pound in the 1980s, betting against it by shorting it in the market. He was proved right and his investment paid off well over a billion dollars for him. This is why everyone is so concerned and paying close attention to Soros’ actions.
Born in the Eastern European country of Hungary in the year 1930, George Soros has always come out on top. When the German Nazi regime invaded his country in World War II, he was a teenager who resisted and survived. In the early years of the Cold War, after the end of World War II, Soros escaped Soviet occupation and made it to England. There he absorbed himself in studies at the famous London School of Economics. After graduating, he moved to the U.S. Not only has he amassed a large fortune, he has also been quite involved in social activism, promoting political reform, and lots of generous philanthropy. This includes his founding of the Open Society Foundations (OSF). The OSF promotes human rights and democracy in all parts of the world where people are being oppressed by their own governments. See more in this Wall Street Journal piece.
Learn more about George Soros: