Video: Gold Bubble Seen by Soros on Brink of Bear Market

By Edward Harrison On Dec 30, 2011

Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market. George Soros, the billionaire who two years ago called it the “ultimate asset bubble,” cut 99 percent of his holdings in the first quarter, Securities and Exchange Commission data show. Betty Liu reports on Bloomberg Television’s "In the Loop." (Source: Bloomberg Television)

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Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

Ben says 13 years ago

Odd how much play that story has gotten, since it’s pure link bait. No new statement or transaction from Soros, he sold his gold in the first quarter and called it a bubble two years ago, let’s put it in a headline now.

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