In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Soros’ interest in gold; should be a tip off that the precious metal is a dangerous and volatile investment. Soros’ made his fortune by making short bets against volatile currencies, stocks and commodities.
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Gold prices are higher because of volatility; particularly in China, but that volatility might not last. One problem that gold investors forget about is that if the economy in the People’s Republic does crash; large numbers of Chinese investors will start dumping their gold for quick cash, and drive down the prices.
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