While Soros has made some great calls on markets he has also made some major bluners – he is only human. His arguments against gold are based on the belief that an increase in interest rates is coming as the world economy has supposedly emerged out of recession. If you look through the propaganda and use common sense, you will understand that the so-called growth is simply government spending which is piling up the debt levels and of course the interest bill attached to it.
‘It is a mistake to look too far ahead. Only one link of the chain of destiny can be handled at a time’