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Old 06-06-2011, 05:25 AM   #273
alkemical
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Quote:
Originally Posted by Arkie View Post
At first I was puzzled why a savvy investor like Soros would "dump his gold." He didn't. He just transferred most of the $800 million in physical gold to gold mining stocks and ETFs. Maybe he knows something we don't. The government confiscated gold in the past. With gold mining shares, all they can do is force gold miners to sell their gold directly to the government. Soros would still benefit from gold.
I'd be interested in his "reasoning" for that, what the business decision was.
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