Gold: Soros says gold is unsafe, not a safe haven

April 8, 2013

Dick's note:   "George Soros seems to be negative on gold. Does that means he's quietly buying? The world's elite investors regularly use the press to amplify their investment strategies. I view Soros' comment as another reason to stay long the precious metal."

(South China Morning Post - "Interview with George Soros") According to Soros, "Gold was destroyed as a safe haven, proved to be unsafe. Because of the disappointment, most people are reducing their holdings of gold."

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