Daily Investment Tips

When Soros said Gold was a bubble, we thought the hedge fund manager was going to start shorting Gold but the money manager seems to have done the opposite. According to Soros Fund Management’s 13F filing for Quarter ending Dec 2010 it reveals that the money management firm continues to bet on gold.

George Soro Top Five Holdings

SPDR Gold Shares – 13% of portfolio

InterOil – 6% of portfolio

Monsanto – 5% of portfolio

Delta Airlines – 4% of Portfolio

Nova Gold Resources – 4% of portfolio

In George Soros complete filing it shows the man holds over 800 stocks. Diversified across technology stocks, financial stocks, ETF stocks, health care stocks, telecommunication stocks, & industrial stocks. See a complete list at Guru Stocks.

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Jim Rogers, a commodities guru and creator of the Rogers International Commodities Index, gave an interview to businessweek, giving his assessment of the ever rising gold price.

Jim Rogers Gold price prediction

Jim Rogers expects it to be over a couple thousand dollars an ounce sometime in the next decade.

Jim Rogers on what is driving the price of gold

• Demand from Central Banks, central banks which were selling gold a few years ago are now buying.
• The US Fiscal & Monetary Deficit – Throughout history, printing money has led to weaker currencies and higher prices for real assets.
• The Herd Mentality – Everyone is bullish about Gold and this is enough reason to drive prices up.

Read the whole Jim Rogers interview at this businessweek article.

written by Constantine Njeru \\ tags: Amp, Businessweek, Central Banks, Currencies, Gold Demand, Gold Price, Guru, Herd Mentality, International Commodities Index, Jim Rogers, Next Decade, Ounce, Price Of Gold, Printing Money, Real Assets, Rogers International Commodities Index, Thousand Dollars