@pawmade88 WHAT THE PAPER BUGS DO NOT UNDERSTAND: US got off the gold standard in 1971, gold in 1971 was 40 bucks then, now it is 1700 bucks, that is a 3700% price increase. Oh by the way, since 1971 the US national debt has increase 3700% as well. I say it matches inflation.
dont trust him, he obviously sees gold as an investment but it shouldnt be one, gold is save heaven against fiax shit, you could buy with one ounce gold a nice suit some 100 years ago, now you can still buy a suit with that and there is still 1000 dollars left
SOROS CAN SUCK IT...THE UNITED STATES OF AMERICA WILL DEFEAT THIS EVIL FREAK AND ALL OF HIS MINDLESS PROGRESSIVE ZOMBIE MINIONS! CRAWL BACK UNDERGROUND BEFORE THE 2012 ELECTION YOU PSYCHOS; YOU'RE STARTING TO STINK THE PLACE UP!
He also said that Chaves didn't have long to last and the guy is still kicking strong. George just says stuff and doesn't care that much about it. Its not like he loses money if he is wrong.
Soros is my favorite funder of Marxist social destabilization operations and he is also my favorite Jewish former Nazi collaborator. He is was certainly correct when he told the 60 Minutes intervewer (10+ years ago) that he felt no remorse in helping Nazis confiscate Jews' property preceding their relocation to concentration camps since if he didn't do it, somebody else would have. Go Soros! Go Alinsky! Go Mao! Go Banksters!
Gold has been valuable for thousands of years throughout time.IT WILL ALWAYS BE VALUABLE.I suspect this man is a CRIMINAL.Great men of the past have warned us what was going to happen.WE HAVE NO CONTROL.everything is now in the hands of a very small group of men.THE WHOLE WORLD HAS TURNED INTO ANIMALFARM-he is one of the PIGS!!
People were created to be loved, things were created to be used. The reason why the world's in CHAOS is because things are being loved, and people are being used!
The Dollar is being forced into collapse by design. Since the Dollar is the world's currency for commodity trading, the USA's largest export to most countries is inflation. The banking cartel doesn't mind issuing paper and debt in exchange for silver, gold, oil, military partnering, etc... Their ultimate goal is to reign in the sovereignty and independence of their trading partners, buy out their governments, and roll out the New World Order. Silver IS currency.
Nothing wrong with Soros that a bullet between the eyes wouldn't fix...scumbag. Hey Soros-tell us about when you personally crashed the Thai baht and further impoverished millions of innocent people.
Gold will always be valuable no matter what this old cunt has to say about it. Even if the value of gold goes down it will surely go up once more. It is a predictable cycle which assholes like soros utilize in order to scare people into selling their gold when they see that prices are lowering. Hence the gold is bought at a cheaper price and then once gold goes up again they sell. Then the cycle is repeated once more.
We are in deflation that will only get worse. Gold price is built on expectation of impending hyperinflation - the expectation! - not the fact. Hyperinflation is how Rothschild steals middle-class savings. But Rothschild has already done that. Americans buried in DEBT & Rothschild is LONG ON MONEY -buying dollars & dumping securites (on Bernanke) and his gold (on you) - thus DOMESTIC HYPER DEFLATION is our fate - you will buy back dollars for food but you will get less $ per oz. than you paid
He is a cunning investor and not honest maybe. He kown gold will go up to new high sooner or later. He has become a greedy like banker. Look for Jim Roger or Marc Faber for better advise.
They can not print gold like $ so federal reserve bank trying to suppress price of gold and discourage private ownership of gold.They will not succeed,China,Korea India buying large quantities as a hedge against weak american $
Golds not going to last. Retard! your paper and digital crap is what's not going to last it only works when you print more FAKE money, lend it out and tell everyone to pay it back with interest you filthy piece of trash that destroyed the UK financially when you were there. And now your srewing America
The mere fact that so many people think that it may be a bubble makes it not a bubble. How many people saw housing bubble coming?about 7 probably,how many people saw tech bubble bursting? not too many either. When bubbles happen only very few people notice that its a bubble, and its not usually the general public, who jump on usually not too long before the bubble bursts. So when everyone starts to shout that gold is going to infinity and beyond and queues appear then its time to plan for exit.
Soros is saying that this gold bubble is going to burst and I agree with that. Just wondering when to sell. Probably sell when the housing market picks up a little. I have quite a bit of gold and run into people that act as if it's a much firmer investment than it actually is. At 400 an ounce, yeah, but now that it surpassed platinum which is 10 times rarer and has industrial use I'm starting to really think about selling. I know that big talk has, in some degree, gotten gold to were it's at.
Oh, I´d like to add that he is very useful bubble tho; anyone who wants to have great financial advice should listem to him very, very carefully. And do the exact opposite of what this fucker says. Just use and abuse him as much as you can..
...and buy some gold while it´s still cheap (despite its alltime high...). But silver is better tho..
Heck, if he says that bubblegum is bubble I might buy some shares of companies that produce brands like Hubba Bubba, Orbit or Stride...
Debt is the ultimate bubble and Soros knows this. He has made his fortune on currency collapses resulting from debt bubbles in various countries. Soros is a master of misinformation: a lot of what he says sounds reasonable, but his actions differ widely from his rhetoric. For instance, he claims to be interested in open societies, but most of his organizations operate in nearly complete secrecy, like the recent Bretton Woods II conference, which was blacked out in the media, including FoxNews.
Did some research on the very long term chart of gold. Turns out that gold has a terrible record over the last thousand years, due to new discoveries and advances in mining/refining technology. Buying power of gold way back then (and before) was $3,000-$5,000/oz.. Also,there are about 70 ounces of gold in every cubic mile of seawater & it exists varying levels throughout the Earth. If we figure out cheaper ways to extract it, expect a gold toy every box of Cracker Jacks.
Nothing is safe I would prefer silver to gold simply because it has a higher industrial user demand. It is on the move as a usable commodity and as a hoarding hedge that may fluctuate in value but always be worth something
Soros may actually be right about this, but to take his advice and act on this possibility would seem to be equivalent to asking the snake that's pumping venom into your arm if he would also like to bite into your leg.
He means the bubble is going to get very big. When he says it is dangerous, he is speaking only to the fact that the biggest declines come in the midst of a bull market.
if/when international markets stabilize, and gain fair valuation of currencies and trade, and if gold is once more valuated merely as a rare metal with industrial value, it might loose value, according to a mix of currencies ( not specifically the dollar ) if you then sit on 100 % goldbars, it could be not so fun, however it would still keep some value, as with other asset classes as bank stocks you risk losing 100% of your investment
My thoughts exactly, it was extra curious though that they threw that in after saying gold was a bubble... It's disrespectful to their viewers intelligence
SOROS is Obama's puppeteer, pulling his strings. This creep is instrumental in the GAYING of America & public schools, BANKRUPTING this country & pushing AMNESTY. He OWNS the DEM party & their agenda, & most of the Republican Party. He should be jailed for UN-AMERICAN ACTIVITIES. Soros HATES the US & destroys it.
THIS ARTICLE by CBS' Steve Kroft shows just how EVIL Soros is!
Eventually Obama will have to buy up all the gold and store it in Fort Obama like FDR did before him, or else the dollar will continue it's decline and eventually collapse due to quantitative easing and the massive US Debt.
soros is correct. everyone is buying gold and driving up the price. take his advice, dump your holdings in gold. although it'd be satisfying to see all these youtube "experts" going bankrupt because they start buying now and liquidity drops.
@yurikomuro Everybody who? Compare the gold market to stocks and bonds and you will see gold bugs are a minority. Corrections in the future? You bet, but as long as Benny and Timmy continue the printing party the gold rush will continue.
Soros is a fund manager. Fund managers are paid to lie about their investment strategy... Soro's is no different, he quietly buys gold then turns around and tries to push it down with words.
Soros does not practice what he preaches. He has been increasing his gold holdings significantly in recent months. Gold is money, a tradeable commodity - history shows this.
@AussieAustrianBlog dude he have a firm,but he retired.most of what they do,they do on their own.If he was running every movement there,why would they say he came out of retirement in 08 to protect his wealth??
@AussieAustrianBlog Uh, do you understand trading? Buy low, sell high? Bubbles take time to burst and they usually don't do it all in one day. Let's remember that Soros has made billions, whereas you have not. He didn't say not to invest in gold, he said to be careful.
@AussieAustrianBlog This is the problem with you people. None of you listen. Or maybe its just that you arent smart enough to understand. Where in this video does he say not to buy gold? He says gold is a bubble. There is much money to be made off of bubbles and this is obviously why he has been "increasing his gold holdings." And I'm sure he will sell his holdings in time to capitalize on his prediction. Clean your ears out!
@tjduke1985 Pretty sure he already did have a decent sized sell-off. But I totally agree with you, people are idiots when it comes to listening. Bubble does not = dont buy. Funny how thats what most people got out of this vid.
@tjduke1985 A half truth. It depends on how the viewer takes his words - it's subjective. He claims it's "not safe." If my advisor told me this, I would take that as a don't buy. In addition to this, Soros is plain wrong.
@AussieAustrianBlog Fair enough. But a careful and well informed listener would not have read into what he said they way you did in my opinion. Its not fair for you to say that he doesnt practice what he preaches because he never said not to buy it. I dont feel like its safe either. If you look at the history of gold it has fluctuated quite rapidly and dramatically at times. I guess there is gonna be risk associated with any type of investment but i just feel like commodities are more risky.
@tjduke1985 Gold is the safest asset at the moment, so when he says it is not safe, i can only assume he does not encourage investment in it, or at least thinks it has a large downside. In any case, people who think this way are wrong and do not understand the economics of sound money and why we are in the current financial mess. If one understands economic fundamentals from an Austrian economics perspective (real economics), then things become much clearer.
@AussieAustrianBlog I guess time will tell. I definately respect the teachings of the Austrian school and ill admit that I am young (Senior in b-school), but many of the tenents of the Austrian school do seem to be somewhat reductive... As for Soros, I am just a little more optimistic than many people on this blog as to the content of his character. I feel he believes in social change and that he would gladly take a pay cut to see it happen... Although I know the great Glen Beck would disagree.
@tjduke1985 Unfortunately for you (99%) of the time, you will be taught Keynesian economics. As for reductive, well yes, if you compare to mathematical/model based economics, which has little credibility. The Austrians have the most credibility and one of Soros' past advisors was an Austrian. The best social changes come as a result of private property rights, market forces and capital accummulation. For people like Soros and socialists, their good intentions do not bring about better outcomes.
@AussieAustrianBlog And dont get me wrong, gold is great, I wish I had some. But to say that it is completely safe and not volitile is naive Take a look at a chart that list the historical prices of gold/ounce. Now explain to me what happened from 1970 to 2004? And then from 2004 to today? You really think that that is going to continue to go up like that? Id like to see you try to explain the safeness of gold to somebody who bought in 1980 and then sold in 1985.
@tjduke1985 I'm talking about gold at the moment and the medium turn. Now that you ask for specifics i can definately answer your question. Austrians talk from the cause and effect perspective...based on the current situation facing the US and other nations relating to excessive debt and money printing (think QE1, 2 etc) then gold is the best place to park your money for safety. Gold is much better at retaining it's purchasing power, fiat currency is what goes up and down.
@AussieAustrianBlog You might now be talking about gold "at the moment" but lets remember that we were originally discussing whether or not gold was a in the boom phase of a massive bubble. I understand cause/effect relationships and inflation. If you really think that excessive debt and money printing are going to collapse the economy why not go and invest something useful, ie capital goods. Although, if this is the case, gold and other commodities will definately rise as well. Explain 1980-85.
@AussieAustrianBlog I agree that Keynsian economics is very pervasive here in the U.S. Luckily I have a mind of my own and regognize this approach as flawed. "The best social changes come as a result of private property rights, market forces and capital accummulation." As an American, I can tell you that market forces and capital accumulation left unchecked lead to plutocracy. There is no such thing as "THE EFFICIENT MARKET" This is what I mean by overly reductive...
@tjduke1985 It is the lack of a free market in interest rates/money that brings the boom/bust cycle. Regulation and central planning is the greatest contributor to poor economic and social outcomes. But we must uphold the law re private property rights and punish those who commit fraud etc. No Austrian ever agreed with the Efficient Market Hypothesis - that is the Chicago School. On the contrary, we say markets are not perfect, but are more efficient than central planning...just look at the USSR
@AussieAustrianBlog I agree that poor regulation and govt initiatives can create boom/bust environments but you speak as if they are the only causes. Corruption in the private sector and psychological conditions (trends/speculation, etc) also have a causal relationship. You dont need to have Soviet style central planning to have a more equitable economy. If it werent for govt social programs, I wouldnt have been able to attend one of the best b schools around. Unchecked economys breed plutocracy
@tjduke1985 Fact: governments/central bankser DO cause the boom/bust cycle (study Austrian Business Cycle Theory for the details). Without these interventions, recessions like the GFC would not be possible. Also, speculation is good and can only be damaging, ie house bubble, with credit expansion (govt/fed). Both private indivduals and government officials can be corrupt. It is free market disciplines that keep the economy in check - not intervention - which creates more problems (refer GFC)
@AussieAustrianBlog No sir, I am reffering to a grant which covers approx half my yearly tuition ($20,500). The other half is covered by the school... Although, I respect your argument, I am one who was born on the wrong side of Mr Friedman and Greenspan's "free market." I know youll argue that weve never seen a free market in the sense embraced by the Austrians and that such a system would be most efficient, but I just dont buy it. I believe we are both gonna have to agree to dissagree.
@tjduke1985 Well, until we have a free market we cannot blame the free market. The GFC and all other recessions are as a direct result of government interventionism. One need look no further than the reputation of the Austrians for being accurate in not only predicting things, but offering explanations that have withstood many tests. As for the "grant," it is such things which drive up tuition costs at the expense of others (taxes/govt spending). In other words - socialism.
@AussieAustrianBlog You might as well email me with your next response. Ive enjoyed our conversation and I sure you have been as annoyed with the youtube word limit as I have been. tjduke1985@hotmail.com
@wreslinga2 What is enough? What was this a response to? Soros will regret selling all of his gold if he hasn't already. But I have little respect for his economic and social thinking.
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vladisvrn 1 week ago
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@pawmade88 WHAT THE PAPER BUGS DO NOT UNDERSTAND: US got off the gold standard in 1971, gold in 1971 was 40 bucks then, now it is 1700 bucks, that is a 3700% price increase. Oh by the way, since 1971 the US national debt has increase 3700% as well. I say it matches inflation.
edwardwills 2 weeks ago
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edwardwills 2 weeks ago
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Please see: "KNOW YOUR ENEMY" from TheFuelProject .
"We are in a unique Spiritual/Biological War in which we are the Soldier and the Battlefield"-
Dr Leornard Horowitz, author of "Healing Codes".
1tonykirk 2 weeks ago
Yea gold would never peak and then burst! That never happened in 1980 or anything now buy my gold fast!
ThereAreNoUnionThugs 1 month ago
@ThereAreNoUnionThugs In 1980, the Federal funds rate was in the teens. Right now the target is 0%.
In 1980, most people in the gold market were buying. Right now they're selling because they need the cash.
Oh sure, same damn thing.
VolkOseba 31 minutes ago
dont trust him, he obviously sees gold as an investment but it shouldnt be one, gold is save heaven against fiax shit, you could buy with one ounce gold a nice suit some 100 years ago, now you can still buy a suit with that and there is still 1000 dollars left
meProudToBeCaucasian 1 month ago
since he says it, it must be true.
Piper43078 1 month ago
hey soros, what is safer? US bonds? muahahahah
watch their value being wiped out at the stroke of a keyboard
stoneeh 1 month ago
people, country's, investors at the mercy of idiots like these, hang him, please.
lcabosa 2 months ago
when he drops dead they can fill his coffin with gold and billions of dollars so he can take with him to the trip,
texniki1 2 months ago
nazi sympathizing geezer...vas eet gut feelink to shell your friends undt family to ze nazis hmmm?
WarrivarNeo 2 months ago
George Soros's scheming and lies is the ULTIMATE BUBBLE!
Riddlerx333x 2 months ago
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SOROS CAN SUCK IT...THE UNITED STATES OF AMERICA WILL DEFEAT THIS EVIL FREAK AND ALL OF HIS MINDLESS PROGRESSIVE ZOMBIE MINIONS! CRAWL BACK UNDERGROUND BEFORE THE 2012 ELECTION YOU PSYCHOS; YOU'RE STARTING TO STINK THE PLACE UP!
RETROPOPS69 3 months ago
He also said that Chaves didn't have long to last and the guy is still kicking strong. George just says stuff and doesn't care that much about it. Its not like he loses money if he is wrong.
GomersRevenge 3 months ago
Seems a nice enough chappie to me. Just sold my gold so I don't care. Down with Glen Beck and up with BP
armoredinnerjacket 3 months ago
And what he do next? He bought a f*ck load of Gold! This man is the scum of the earth, responsible for the deaths of millions.
historypoliticsbb 3 months ago
Soros is my favorite funder of Marxist social destabilization operations and he is also my favorite Jewish former Nazi collaborator. He is was certainly correct when he told the 60 Minutes intervewer (10+ years ago) that he felt no remorse in helping Nazis confiscate Jews' property preceding their relocation to concentration camps since if he didn't do it, somebody else would have. Go Soros! Go Alinsky! Go Mao! Go Banksters!
pkpapers 3 months ago
Gold has been valuable for thousands of years throughout time.IT WILL ALWAYS BE VALUABLE.I suspect this man is a CRIMINAL.Great men of the past have warned us what was going to happen.WE HAVE NO CONTROL.everything is now in the hands of a very small group of men.THE WHOLE WORLD HAS TURNED INTO ANIMALFARM-he is one of the PIGS!!
anuangelseyes 3 months ago
He's so wrong
ohmygod1986 3 months ago
buy some and hold for your kids
superhawkn 3 months ago
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People were created to be loved, things were created to be used. The reason why the world's in CHAOS is because things are being loved, and people are being used!
wilsontt88 3 months ago
Fuck U Soros ! Fuck U Jew mother fucker ! Fuck Your NWO !
brabus8317 3 months ago
I bought $1000 of silver a few days ago. No worries! Gold and silver are on the up and up.
1dtbimp 3 months ago
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The Dollar is being forced into collapse by design. Since the Dollar is the world's currency for commodity trading, the USA's largest export to most countries is inflation. The banking cartel doesn't mind issuing paper and debt in exchange for silver, gold, oil, military partnering, etc... Their ultimate goal is to reign in the sovereignty and independence of their trading partners, buy out their governments, and roll out the New World Order. Silver IS currency.
altgeldrarities 4 months ago
He's just trying to get it to drop again so he can buy more at a deal, and sell once it grows back.
TennesseeSurvivalist 4 months ago
Nothing wrong with Soros that a bullet between the eyes wouldn't fix...scumbag. Hey Soros-tell us about when you personally crashed the Thai baht and further impoverished millions of innocent people.
pretorious700 4 months ago
he's disgusting
manoman0 4 months ago
IF U ARE FREND OF ZIONISTS, ALL ''BUBBLE'' IS, WHY THE ROTHSCHILD FAMILY CREATES DOLLAR AND, EURO COIN
unfukkkmee 4 months ago
A negative interest money system creates paradise on earth:
youtube.com/watch?v=7kk6fplyLTI
Adriaan1950 4 months ago
90% accuracy trading is now a reality. If you want to get rich invest in gold! Come visit my website, just google Gold Trading Academy to learn more.
123ableTHERollyboy 4 months ago
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autumntree2011 4 months ago
Gold will always be valuable no matter what this old cunt has to say about it. Even if the value of gold goes down it will surely go up once more. It is a predictable cycle which assholes like soros utilize in order to scare people into selling their gold when they see that prices are lowering. Hence the gold is bought at a cheaper price and then once gold goes up again they sell. Then the cycle is repeated once more.
Bilderbergz 5 months ago
We are in deflation that will only get worse. Gold price is built on expectation of impending hyperinflation - the expectation! - not the fact. Hyperinflation is how Rothschild steals middle-class savings. But Rothschild has already done that. Americans buried in DEBT & Rothschild is LONG ON MONEY -buying dollars & dumping securites (on Bernanke) and his gold (on you) - thus DOMESTIC HYPER DEFLATION is our fate - you will buy back dollars for food but you will get less $ per oz. than you paid
oldickeastman 5 months ago
sell when its high. buy when its low. trend watcher 2 trend setter
ailoish 5 months ago
He is a cunning investor and not honest maybe. He kown gold will go up to new high sooner or later. He has become a greedy like banker. Look for Jim Roger or Marc Faber for better advise.
AllenYew 5 months ago
They can not print gold like $ so federal reserve bank trying to suppress price of gold and discourage private ownership of gold.They will not succeed,China,Korea India buying large quantities as a hedge against weak american $
abraxas444 5 months ago
just do the opposite of what soros says, you will be profitable.
MultiAlpha111 5 months ago
@MultiAlpha111 totally, just do the opposite of what the best trader of all time says and you'll be fine. That's how people generate multi alpha.
BallaholicNo10in89 4 months ago
I hope all the retarded idiots listen to him and sell their physical bullion, silver too.
Because it will be sort of like a tax for stupid people, in which smart people can trade worthless paper for real wealth from the stupid.
TheTrueJBV3737 5 months ago
Golds not going to last. Retard! your paper and digital crap is what's not going to last it only works when you print more FAKE money, lend it out and tell everyone to pay it back with interest you filthy piece of trash that destroyed the UK financially when you were there. And now your srewing America
whereareyou222 6 months ago
Soros is such a trustworthy fello..
withtheoldbreed 6 months ago
Nothing is safe-FOOD GOLD LOTTSA AMMO
FINEDENTIST 6 months ago
The mere fact that so many people think that it may be a bubble makes it not a bubble. How many people saw housing bubble coming?about 7 probably,how many people saw tech bubble bursting? not too many either. When bubbles happen only very few people notice that its a bubble, and its not usually the general public, who jump on usually not too long before the bubble bursts. So when everyone starts to shout that gold is going to infinity and beyond and queues appear then its time to plan for exit.
lexazver 6 months ago
Soros is saying that this gold bubble is going to burst and I agree with that. Just wondering when to sell. Probably sell when the housing market picks up a little. I have quite a bit of gold and run into people that act as if it's a much firmer investment than it actually is. At 400 an ounce, yeah, but now that it surpassed platinum which is 10 times rarer and has industrial use I'm starting to really think about selling. I know that big talk has, in some degree, gotten gold to were it's at.
WHYITSUX 6 months ago
no it wont last forever but is definitely better than the dollar right now especially after being downgraded
ajgolfer1 6 months ago
Soros is ultimate bubble ! (And once he pops the world will be better off)
TaikaProtagonist 6 months ago
@TaikaProtagonist
Oh, I´d like to add that he is very useful bubble tho; anyone who wants to have great financial advice should listem to him very, very carefully. And do the exact opposite of what this fucker says. Just use and abuse him as much as you can..
...and buy some gold while it´s still cheap (despite its alltime high...). But silver is better tho..
Heck, if he says that bubblegum is bubble I might buy some shares of companies that produce brands like Hubba Bubba, Orbit or Stride...
TaikaProtagonist 6 months ago
ya blow that freakin dollar bubble right out the durn water buying gold silver
dadhadit 7 months ago
ya blow that freakin dollar bubble right out the durn water
dadhadit 7 months ago
Debt is the ultimate bubble and Soros knows this. He has made his fortune on currency collapses resulting from debt bubbles in various countries. Soros is a master of misinformation: a lot of what he says sounds reasonable, but his actions differ widely from his rhetoric. For instance, he claims to be interested in open societies, but most of his organizations operate in nearly complete secrecy, like the recent Bretton Woods II conference, which was blacked out in the media, including FoxNews.
EvergreenFox 7 months ago
Did some research on the very long term chart of gold. Turns out that gold has a terrible record over the last thousand years, due to new discoveries and advances in mining/refining technology. Buying power of gold way back then (and before) was $3,000-$5,000/oz.. Also,there are about 70 ounces of gold in every cubic mile of seawater & it exists varying levels throughout the Earth. If we figure out cheaper ways to extract it, expect a gold toy every box of Cracker Jacks.
Alexisme1001 8 months ago
@Alexisme1001 expect a moronic shill every video that exposes a shady leftist piece of shit.
illuminatioracle 6 months ago
Nothing is safe I would prefer silver to gold simply because it has a higher industrial user demand. It is on the move as a usable commodity and as a hoarding hedge that may fluctuate in value but always be worth something
jobedied 8 months ago
Why is Soros not in jail ?
borebear 9 months ago
Wasn't he the guy who made FORTUNES from COMMODITIES in the 70's through his partnership with Jim Rogers in Quantum?
jahnotdead 10 months ago
@jahnotdead Yes. He bet against the pound in the 90s too, and made billions from that, or at least 1 billion.
darkspeed62 9 months ago
Like I'm going to listen to some rich, fat, reptilian bastard who's never worked an honest day in his life. He's part of the 1% of the elite scum.
D33Lux 10 months ago
Soros may actually be right about this, but to take his advice and act on this possibility would seem to be equivalent to asking the snake that's pumping venom into your arm if he would also like to bite into your leg.
pharmachemist 11 months ago
He means the bubble is going to get very big. When he says it is dangerous, he is speaking only to the fact that the biggest declines come in the midst of a bull market.
zinkerled 1 year ago
if/when international markets stabilize, and gain fair valuation of currencies and trade, and if gold is once more valuated merely as a rare metal with industrial value, it might loose value, according to a mix of currencies ( not specifically the dollar ) if you then sit on 100 % goldbars, it could be not so fun, however it would still keep some value, as with other asset classes as bank stocks you risk losing 100% of your investment
3waybar 1 year ago
@B0bL0bl4w
My thoughts exactly, it was extra curious though that they threw that in after saying gold was a bubble... It's disrespectful to their viewers intelligence
Postmodernews 1 year ago
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SOROS is Obama's puppeteer, pulling his strings. This creep is instrumental in the GAYING of America & public schools, BANKRUPTING this country & pushing AMNESTY. He OWNS the DEM party & their agenda, & most of the Republican Party. He should be jailed for UN-AMERICAN ACTIVITIES. Soros HATES the US & destroys it.
THIS ARTICLE by CBS' Steve Kroft shows just how EVIL Soros is!
sodahead.com/united-states/obamas-puppet-master-needs-his-strings-clipped-cbs-writer-steve-kroft/question-1150189/
GThomason 1 year ago
... And Sorros is the ultimate asshole...
Barry
BarryGoldwater1 1 year ago
WOW: MITSUBISHI!!!
wait a minute... MITSUBISHI?
what the hell, why are those ingots punched with the Mitsubishi Logo???
stronzoassoluto 1 year ago
@stronzoassoluto Late reply, but anyway... they're probably from The Bank of Tokyo-Mitsubishi UFJ.
cosminb86 1 year ago
Eventually Obama will have to buy up all the gold and store it in Fort Obama like FDR did before him, or else the dollar will continue it's decline and eventually collapse due to quantitative easing and the massive US Debt.
XionXXXX 1 year ago
soros is correct. everyone is buying gold and driving up the price. take his advice, dump your holdings in gold. although it'd be satisfying to see all these youtube "experts" going bankrupt because they start buying now and liquidity drops.
yurikomuro 1 year ago 2
@yurikomuro Everybody who? Compare the gold market to stocks and bonds and you will see gold bugs are a minority. Corrections in the future? You bet, but as long as Benny and Timmy continue the printing party the gold rush will continue.
angelmtza 11 months ago
@angelmtza yes that is true, part of the gold rush is because of the money printing.
yurikomuro 11 months ago
Uh uh... if Soros advices not to invest on gold, I guess I'm gonna buy some...
Wheelchairavenger 1 year ago 27
@Wheelchairavenger Amen, Soros is not a good person. He is with the power elites and lies. He owns a lot of gold himself and buys it!
6630mcdo 4 months ago
Soros is a fund manager. Fund managers are paid to lie about their investment strategy... Soro's is no different, he quietly buys gold then turns around and tries to push it down with words.
drshock18 1 year ago
Soros does not practice what he preaches. He has been increasing his gold holdings significantly in recent months. Gold is money, a tradeable commodity - history shows this.
AussieAustrianBlog 1 year ago 15
@AussieAustrianBlog dude he retired.where u get these facts from.Post some links please.
sesshoumaru3st 1 year ago
@sesshoumaru3st Are you serious? The level of ignorance on here never ceases to amaze me....Just google his fund increasing its gold holdings.
AussieAustrianBlog 1 year ago
@AussieAustrianBlog dude he have a firm,but he retired.most of what they do,they do on their own.If he was running every movement there,why would they say he came out of retirement in 08 to protect his wealth??
sesshoumaru3st 1 year ago
@AussieAustrianBlog how you know?
dragonheadofthewest 11 months ago
@AussieAustrianBlog Uh, do you understand trading? Buy low, sell high? Bubbles take time to burst and they usually don't do it all in one day. Let's remember that Soros has made billions, whereas you have not. He didn't say not to invest in gold, he said to be careful.
davidfsnyder 10 months ago
@davidfsnyder You've told me nothing i don't already know. Watch my video on the housing bubble. I explain bubbles.
AussieAustrianBlog 10 months ago
@AussieAustrianBlog This is the problem with you people. None of you listen. Or maybe its just that you arent smart enough to understand. Where in this video does he say not to buy gold? He says gold is a bubble. There is much money to be made off of bubbles and this is obviously why he has been "increasing his gold holdings." And I'm sure he will sell his holdings in time to capitalize on his prediction. Clean your ears out!
tjduke1985 9 months ago
@tjduke1985 Pretty sure he already did have a decent sized sell-off. But I totally agree with you, people are idiots when it comes to listening. Bubble does not = dont buy. Funny how thats what most people got out of this vid.
Trox118 9 months ago
@tjduke1985 A half truth. It depends on how the viewer takes his words - it's subjective. He claims it's "not safe." If my advisor told me this, I would take that as a don't buy. In addition to this, Soros is plain wrong.
AussieAustrianBlog 8 months ago
@AussieAustrianBlog Fair enough. But a careful and well informed listener would not have read into what he said they way you did in my opinion. Its not fair for you to say that he doesnt practice what he preaches because he never said not to buy it. I dont feel like its safe either. If you look at the history of gold it has fluctuated quite rapidly and dramatically at times. I guess there is gonna be risk associated with any type of investment but i just feel like commodities are more risky.
tjduke1985 8 months ago
@tjduke1985 Gold is the safest asset at the moment, so when he says it is not safe, i can only assume he does not encourage investment in it, or at least thinks it has a large downside. In any case, people who think this way are wrong and do not understand the economics of sound money and why we are in the current financial mess. If one understands economic fundamentals from an Austrian economics perspective (real economics), then things become much clearer.
AussieAustrianBlog 8 months ago
@AussieAustrianBlog I guess time will tell. I definately respect the teachings of the Austrian school and ill admit that I am young (Senior in b-school), but many of the tenents of the Austrian school do seem to be somewhat reductive... As for Soros, I am just a little more optimistic than many people on this blog as to the content of his character. I feel he believes in social change and that he would gladly take a pay cut to see it happen... Although I know the great Glen Beck would disagree.
tjduke1985 8 months ago
@tjduke1985 Unfortunately for you (99%) of the time, you will be taught Keynesian economics. As for reductive, well yes, if you compare to mathematical/model based economics, which has little credibility. The Austrians have the most credibility and one of Soros' past advisors was an Austrian. The best social changes come as a result of private property rights, market forces and capital accummulation. For people like Soros and socialists, their good intentions do not bring about better outcomes.
AussieAustrianBlog 8 months ago
@AussieAustrianBlog And dont get me wrong, gold is great, I wish I had some. But to say that it is completely safe and not volitile is naive Take a look at a chart that list the historical prices of gold/ounce. Now explain to me what happened from 1970 to 2004? And then from 2004 to today? You really think that that is going to continue to go up like that? Id like to see you try to explain the safeness of gold to somebody who bought in 1980 and then sold in 1985.
tjduke1985 8 months ago
@tjduke1985 I'm talking about gold at the moment and the medium turn. Now that you ask for specifics i can definately answer your question. Austrians talk from the cause and effect perspective...based on the current situation facing the US and other nations relating to excessive debt and money printing (think QE1, 2 etc) then gold is the best place to park your money for safety. Gold is much better at retaining it's purchasing power, fiat currency is what goes up and down.
AussieAustrianBlog 8 months ago
@AussieAustrianBlog You might now be talking about gold "at the moment" but lets remember that we were originally discussing whether or not gold was a in the boom phase of a massive bubble. I understand cause/effect relationships and inflation. If you really think that excessive debt and money printing are going to collapse the economy why not go and invest something useful, ie capital goods. Although, if this is the case, gold and other commodities will definately rise as well. Explain 1980-85.
tjduke1985 8 months ago
@AussieAustrianBlog I agree that Keynsian economics is very pervasive here in the U.S. Luckily I have a mind of my own and regognize this approach as flawed. "The best social changes come as a result of private property rights, market forces and capital accummulation." As an American, I can tell you that market forces and capital accumulation left unchecked lead to plutocracy. There is no such thing as "THE EFFICIENT MARKET" This is what I mean by overly reductive...
tjduke1985 8 months ago
@tjduke1985 It is the lack of a free market in interest rates/money that brings the boom/bust cycle. Regulation and central planning is the greatest contributor to poor economic and social outcomes. But we must uphold the law re private property rights and punish those who commit fraud etc. No Austrian ever agreed with the Efficient Market Hypothesis - that is the Chicago School. On the contrary, we say markets are not perfect, but are more efficient than central planning...just look at the USSR
AussieAustrianBlog 8 months ago
@AussieAustrianBlog I agree that poor regulation and govt initiatives can create boom/bust environments but you speak as if they are the only causes. Corruption in the private sector and psychological conditions (trends/speculation, etc) also have a causal relationship. You dont need to have Soviet style central planning to have a more equitable economy. If it werent for govt social programs, I wouldnt have been able to attend one of the best b schools around. Unchecked economys breed plutocracy
tjduke1985 8 months ago
@tjduke1985 Fact: governments/central bankser DO cause the boom/bust cycle (study Austrian Business Cycle Theory for the details). Without these interventions, recessions like the GFC would not be possible. Also, speculation is good and can only be damaging, ie house bubble, with credit expansion (govt/fed). Both private indivduals and government officials can be corrupt. It is free market disciplines that keep the economy in check - not intervention - which creates more problems (refer GFC)
AussieAustrianBlog 8 months ago
@tjduke1985 When you refer to the government helping you attend one of the best schools, are you referring to college loans??
AussieAustrianBlog 8 months ago
@AussieAustrianBlog No sir, I am reffering to a grant which covers approx half my yearly tuition ($20,500). The other half is covered by the school... Although, I respect your argument, I am one who was born on the wrong side of Mr Friedman and Greenspan's "free market." I know youll argue that weve never seen a free market in the sense embraced by the Austrians and that such a system would be most efficient, but I just dont buy it. I believe we are both gonna have to agree to dissagree.
tjduke1985 8 months ago
@tjduke1985 Well, until we have a free market we cannot blame the free market. The GFC and all other recessions are as a direct result of government interventionism. One need look no further than the reputation of the Austrians for being accurate in not only predicting things, but offering explanations that have withstood many tests. As for the "grant," it is such things which drive up tuition costs at the expense of others (taxes/govt spending). In other words - socialism.
AussieAustrianBlog 8 months ago
This has been flagged as spam show
@AussieAustrianBlog You might as well email me with your next response. Ive enjoyed our conversation and I sure you have been as annoyed with the youtube word limit as I have been. tjduke1985@hotmail.com
tjduke1985 8 months ago
@AussieAustrianBlog gold has ALWAYS been a bubble. It's worth nothing practically. when people realize that, the bubble will pop very, very suddenly.
JohnF30Music 5 months ago
@AussieAustrianBlog he has sold all of his gold....is that enough for you?
wreslinga2 5 months ago
@wreslinga2 What is enough? What was this a response to? Soros will regret selling all of his gold if he hasn't already. But I have little respect for his economic and social thinking.
AussieAustrianBlog 4 weeks ago
Gold always had and always will have value!
Even if the monetary system will collapse (and it will) gold will hold it's value.
So go fucking die u banker pig!
This is not news people! This is propaganda!
DurexDurpaneu2 1 year ago
a lot of rednecks are gonna be mad at glenn beck XD
bl0000000000 1 year ago
LOLASTIC GOLD CAN PERFORM WELL DURING DEFLATION AS WELL
PoolOfTrolls 1 year ago
Very funny.
guilleman9 1 year ago
THIS CROOK IS FULL OF CRAP
slhines7 1 year ago
lol what a lying POS... hes bound to be making billions from these lies.
djdnauk1977 1 year ago
This has been flagged as spam show
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gold can't triforce
Rimber6 1 year ago
@Rimber6 so couldn't i
Rimber6 1 year ago
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Rimber6 1 year ago
Go die you fascist Bankster pig. You disgusting money bender and rumor spreader.
graphattic 1 year ago