What Does George Soros Really Think of Gold?

By Lance Lewis

Since December 2009, gold bears have had a ray of hope as gold has corrected (as all bull markets do), and now the bears are keying in on a headline from George Soros today: Gold is the “Ultimate Bubble”.

Now, everybody is entitled to an opinion, and as always there are smart people on both sides of this issue. That’s what makes a market.

Nevertheless, when you actually read beyond the headline to what Soros actually said, it’s not as “negative” about gold as you might think.

Soros said, “When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.”

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Related Article:

Davos 2010: George Soros Warns Gold Is Now The ‘Ultimate Bubble’
Telegraph.co.uk (28 Jan 10)