Tuesday, 02 April 2013 07:52
'The now 64 year old Hungarian with a U.S. passport is the superstar amidst the great speculators. When the last "Forbes" list of the best paid managers and financiers was published, Soros was in the lead by a huge margin. In the last year he earned 550 million US$, twenty times as much as the Disney Boss. When Soros opens the hunt, the international money markets get moving and the reserve banks start worrying. In Sept. 1993 he succeeded over the Bank of England. He was certain the Bank would have to take the pound that came under pressure out of the European exchange mechanism and devalue it. He gambled 10 Billion US$ --with success.
He made 1 Billion US$, which the British taxpayers now have to come up with. He himself likes to be openly known as the man who wants to influence the big money markets of the world. This is a very unusual stance for an investor to take, who should rather be interested in using situations unobservantly that the competitors have not yet discovered. In March 1993, Soros' activities became known when he predicted a rise in the price of gold.'
He made 1 Billion US$, which the British taxpayers now have to come up with. He himself likes to be openly known as the man who wants to influence the big money markets of the world. This is a very unusual stance for an investor to take, who should rather be interested in using situations unobservantly that the competitors have not yet discovered. In March 1993, Soros' activities became known when he predicted a rise in the price of gold.'
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