George Soros has been away from trading for some time, which is definitely an earned vacation, as he is already a multi-billionaire. In fact, Soros is considered the 35th richest man in the world. This is mostly due to his natural talent to sniff out a good trading deal and his years of experience on Wall Street. Soros is a well-respected man and somewhat of a legend when it comes to finances, which is the reason his return to trading is causing a stir.
George Soros has had an eventful life. He was born in Budapest back in the year 1930 to great parents who loved him dearly but was also born during troubled times. It was not long before Soros was introduced to the dark side of politics since Nazi Germany invaded his homeland. Soros’ father did everything possible to ensure his family survived these horrible times. The family used a serious of forged documents, false names, and back stories to avoid being sent to a concentration camp. Soros was not fully aware of the severity of the situation but understood the danger.
Soros made it out of that horrible experience and went on to study economics in London. It was his father’s spirit that helped him survive and face whatever hurdle head-on that made Soros the man he is today. He was a talented investor and trader, but it was his brash decisions and headstrong positions on some of his deals that made him a financial guru. There really has not be another Soros since he entered the game. George Soros recently decided that there were simply too many possible profits to just pass up. This is one of the reasons why he decided to return. Everyone who admires his decisions, and his foresight, are anxiously waiting to see what moves he will make.
Soros’ return comes at a time when there is a lot economic distress around the world, and any good economist will tell you that economic distress is also the time when up-and-coming businesses make their fortune. This is something that Soros knows and just could not pass up. George Soros is keeping some of these investments on the hush-hush, but there is no denying that he is making some bold moves. People remember bold moves coming from Soros back in 1992 when he gambled against the British pound and made 1 billion in profits. Who knows if he expected those kinds of gains.
He is also aware that any savvy person understands that economic turmoil is unpredictable. It is this unpredictability that forced Soros to make some precautionary moves. He invested in significant amounts of gold and gold mines. This is because gold is one of the most stable economic currencies, especially when the economy is not looking too hot. The full details were unraveled on the WSJ article that was just released.
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