George Soros has been on something of a hiatus from investing after devoting much of his recent time and effort to the Democratic cause during the 2016 U.S. Presidential election cycle. However, under the Soros Fund Management banner the hedge fund legend has recently made a return to investing with a surprising decision to sell stocks and purchase gold and gold mining shares. CNBC reports this decision followed a series of announcements by the Hungarian born financial expert about the gloomy future the global economy could be facing.
Among the concerns George Soros has been highlighting over the global economy are the continued problems facing the European Union, which the Holocaust survivor believes could be the catalyst for a global financial collapse. Soros has warned continued Russian aggression in Syria is driving increasing numbers of refugees into Europe to add to the problems the continent wide political group has recently seen with the Greek debt problem.
George Soros was a refugee himself who was liberated from a Nazi concentration camp at the end of World War II before embarking on a journey across Europe to London, and later to New York where he began his financial career. The career of George Soros has been built on the continued impressive predictions the financial expert has made about economic problems and success, which include his gamble on the 1992 devaluation of the British pound that is reported to have made the financial legend more than $1 billion.
The Soros Fund Management group manages around $30 billion of the Soros family fortune that is now being realigned to take in the concerns George Soros has over the future of the global economy. Gold mining stocks have recently been producing higher gains than those offered by the metal itself in 2016 and have caught the eye of Soros who feels problems in the Chinese economy are adding to global financial concerns. Soros has been using each and every opportunity to express his fears over the future of the markets, but his moves in the markets could provide the most important warning he has yet to provide for investors following the moves of one of the best known financial experts in the world.
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