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Billionaires are Doubling Down on Gold
Billionaires John Paulson and George Soros are further capitalizing on the gold market. Paulson has increased his holdings by 26% while Soros doubled his holdings. This has translated to gold traders to be more bullish then ever on the metal. Over 80% of traders surveyed by Bloomberg say gold will rise in the second half of August.
As the European debt crisis continues with at least 6 nations now in recession goldpurchases have increase in the EU zone by 15%. China has missed economists’ forecasts for exports and industrial production. In America the Fed continues to print money, which has been demonstrated in Europe as unsustainable. This is why unemployment numbers have remained stagnant and hovering around 8.3% …. http://firstamericasgold.com
2012-08-23 19:20:24
Source: http://luismmx.blogspot.com/2012/08/billionaires-are-doubling-down-on-gold.html
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