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Globalist Soros Declares “Gold Is The Ultimate Bubble”… Again
Posted By admin On September 15, 2010 @ 9:14 am In Featured Stories,News In Focus,Steve Watson Articles | Comments Disabled
If the prole scum are financially sound how will we further rape them?
Wednesday, Sept 15th, 2010
Billionaire globalist George Soros wants you to think that investing in Gold is “unsafe” and that the rallies the precious metal has seen in the wake of the economic implosion are abnormal.
While admitting that gold prices could continue to rise following yesterday’s surge on the back of increased inflation figures in the United Kingdom and bad news from a report indicating a weaker-than-expected eurozone industrial production, Soros told a crowd at a Reuters conference :
“It will be very interesting to see if there is a decline in the next few weeks… It’s certainly not safe and it’s not going to last forever.”
“Gold is the ultimate bubble,” Soros said at the New York event.
Soros has consistently made the same statements  in the past and has been consistently proven wrong.
Meanwhile, European investment giant UniCredit has upgraded their target price for gold  from $1,250 to $1,600 by the end of 2012 – citing “three powerful trends” in the shape of fear over “money printing” at the Fed (QE), the idea that the Euro sovereign debt crisis represents a condemnation of fiat money and increasing demand for gold from China.
Other investors have also echoed these projections .
On Tuesday the gold price traded as high as $1,261.90 and as low as $1,246.
“The U.S. dollar index was adding 0.03% to $81.90 while the euro was losing 0.19% to $1.28 vs. the dollar. The spot gold price was rising $14.30, according to Kitco’s gold index,” writes Alix Steel for The Street .
Silver also experienced a boost, rising 14 cents to $20.31.
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Steve Watson is the London based writer and editor at Alex Jones’ Infowars.net, and regular contributor to Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham in England.
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URLs in this post:
 Prisonplanet.com: http://Prisonplanet.com
 told a crowd at a Reuters conference: http://www.cnbc.com/id/39191506
 made the same statements: http://www.telegraph.co.uk/finance/financetopics/davos/7085504/Davos-2010-George-Soros-warns-gold-is-now-the-ultimate-bubble.html
 upgraded their target price for gold: http://www.prisonplanet.com/three-powerful-trends-will-push-gold-prices-to-1600.html
 echoed these projections: http://www.prisonplanet.com/jim-sinclair-strap-in-for-golds-move-to-1650-by-january.html
 The Street: http://www.thestreet.com/story/10860015/1/gold-prices-surge-higher-top-1260.html
 click here: http://www.gcnlive.com/store/faq.php
 : http://prisonplanet.tv/signup.html
 Image: http://infowars-shop.stores.yahoo.net/post4rioffe.html
 Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43
 Davos 2010: George Soros warns gold is now the ‘ultimate bubble’: http://www.prisonplanet.com/davos-2010-george-soros-warns-gold-is-now-the-ultimate-bubble.html
 Gold And Silver Hit New Highs For Second Time In One Week: http://www.prisonplanet.com/gold-and-silver-hit-new-highs-for-second-time-in-one-week.html
 Gold and Silver Explode as Banksters Abandon Market Manipulation: http://www.prisonplanet.com/gold-prices-surge-top-1260.html
 Gold Rallying to $1,500 as Soros’s Bubble Inflates: http://www.prisonplanet.com/gold-rallying-to-1500-as-soross-bubble-inflates.html
 Soros Buying Gold, Why Aren’t You?: http://www.prisonplanet.com/soros-buying-gold-why-arent-you.html
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