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Read an interview of George Soros recently. He shared the "great" secret of his success, which is "keep your money in gold"
Surprising. Care to post the link?
Impossible to tell the movement of any asset class in the short term, especially in the current circumstances !
That is whay leveraged speculation is for mugs
Impossible to tell the movement of any asset class in the short term, especially in the current circumstances ! That is whay leveraged speculation is for mugs and best to invest passively for the long term in range of assets (especially in pensions).
I would have thought it more difficult to predict prices in the short term e.g. trying to predict the price of oil in March 2009 -v- the price in March 2012.
A lot of indicators are showing that oil and gold are only going one way, and that timing the market in the short term is too unpredictable given the drastic short term volatility and the forced liquidation of many asset classes.
You need to understand the way the mkt works - it prices in expectations.
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