Gold market upward trend

When risks increase for the global economy, more and more investors are choosing to place their funds in gold and other precious metals. Even billionaire George Soros (who for the past years has been a dedicated philanthropist) has returned to asset management and began to actively invest in gold and companies related to the gold market, whilst simultaneously selling off assets which are unrelated to precious metals.

Soros is lauded as a successful investor who has made an enormous amount of impressive investment decisions. Amongst some of the most notable of his career trophies are the following.

Opening short positions for the GBPUSD currency pair in the summer of 1992 due to seeing that the pound was overvalued. The pound crumbled in September and Soros managed to make around one billion USD out of this.

Opening long positions for the USDTHB currency pair (a bet against the Thai baht) in the spring of 1997, having an inkling that a financial crisis awaited Asia. The financier’s forecasts turned out to be on the money and in the summer of that year the Thai baht began to drop rapidly, with Soros making a cool profit exceeding 750 million USD by the beginning of 1998.

Opening long positions on the USDJPY pair (a bet against the Japanese yen) in November of 2012, expecting the launch of a massive program of quantitative easing by the Bank of Japan, thereby leading to a weakening of the yen. Abenomics bore fruit for Soros and, by spring of 2013, his returns from these trades stood at around 1.4 billion USD.

It’s worth noting that Soros’ current forecast for gold has all of the chances to be successful due to increased risks to the global economy, problems in China (a slowing of growth, capital flight, conflict within the political leadership coming to a head, etc.), coupled with the political differences in Europe.

Learn more about how to earn from rising gold and precious metal prices by investing in a:


Source link   Presented by Alpari

Related Columns

Top 10 Forex money management tips

Money management plays an extremely important role in Forex trading. Without proper risk and money management techniques, trading would not differ too much from...

How to start trading Forex

If you're asking yourself how to start trading Forex, don't look any further. There are many important points you need to know before you start trading Forex, such as picking a broker, installing your trading...

Psychology of trade profit targets

Closing the trade at the most favourable price level is equally as important as getting into the trade at the right time. In the end, the price level at which you get out of your position and exit the trade...

Forex robots and how they work

In essence, there are two ways Forex traders can approach trading: they can either decide to analyse the market and trade on their own, or they can go with the increasingly popular Forex trading robots...


How to identify Forex scams

Just like any other financial market, the Forex market has been a target of Forex scammers for a very long time. Unethical behaviour, promises of unusually large profits without any risk...

How to trade bitcoin CFDs on Forex

With all the hype surrounding the cryptomarket since its spectacular rise in value in 2017, there are not many people who haven't heard about cryptocurrencies, including...

How much money needed to start trading?

To trade on a financial market, you need capital. Capital is used to buy an instrument if your analysis shows that its price could increase in value, eventually leading to capital...

How to become a Forex trader

While Forex is an exciting and lucrative financial market, many traders face difficulties when trying to make steady profits and grow their trading account. In fact, most beginners on the market...


Choosing the Best Forex Affiliate Program

One of the ways to obtain extra income in the Forex market is participation in forex affiliate programs. The core of this partnership for a partner is attracting customers/traders...