George Soros Hoarding Gold

For weeks, maybe months, the financial press seemed to hang on every word George Soros said about the future of the gold bull market.The latest word was gold is "the ultimate asset bubble."Before long, like a pirate's parrot, the stock cheerleaders on TV were repeating it and I'm sure many people started believing it.The more it was repeated, the quieter did the gold hotlines become.

Now, even though we know what happens when you assume, let's make an assumption.George Soros' $25 billion hedge fund, does not invest in gold because George does not believe in Gold as investment worthy.It's the ultimate asset bubble - remember?Do we never learn the rule about "assuming?"

Now let the truth be told.From an article dated March 2, we learn that George Soros' Fund has been hoarding gold.In 4th quarter 2009, Soros Fund Management increased its position in the SPDR Gold Trust by 152% to become the ETF's fourth largest investor.

Sounds to me like a guy who is trying to influence the gold market long enough to add even a few more American Gold Eagles to the war chest.Got Gold?