KB Gold Investment and George Soros
Posted: June 4th, 2010 | Filed under: gold investment | No CommentsTags: George Soros, gold, kb gold, KB Gold franchise, KB Gold Investment, KB Vision franchise
George Soros is buying gold
According to Forbes, the famous hedge fund manager George Soros (and his fellow billionare Warren Buffet) has invested in gold and is betting on falling prices for oil. The reports claim that the ratio of the two positions is 10:1.
The reason for this step is his belief in a consistent price-performance ratio of 10-to-1 between gold and oil, and this ratio has recently fallen to 7.4, “gold will either rise up to 10 times a barrel of oil ($ 1350 gram) or oil will fall to USD 96 per barrel – a tenth of gold’s current market price”.
Does this make sense in compliance with a price-performance ratio? On the one hand, there is no relation between the basic values of offer and demand for gold and oil, on the other hand, many traders sell gold and oil for investments and speculation.
Gold was, is and always will be a secure material asset. If a state defaults, this would mean a hedging for investors. Gold is the only secure currency.
The KB Gold Investment Plan makes it possible for you to start securing your money into little amounts of gold. Starting from € 100 per month you will be securing yourself a financial future!
Get your own Gold Investment plan now with KB Gold Investment. Starting from only € 100 per month.
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