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Globalist Soros Declares "Gold Is The Ultimate
Bubble"... Again
If the prole scum are financially sound how
will we further rape them?
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 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 consistentlymade
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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Photo credit: Jeff Ooi via Wikimedia Commons
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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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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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