Billionaire investors George Soros and John Paulson increased their stakes in gold as prices are “on the cheap,” and rumors of a massive inflation storm are heating up.
Soros Fund Management more than doubled its investment in the SPDR Gold Trust (GLD) to 884,400 shares, a U.S. Securities and Exchange Commission filing for the quarter holdings showed.
Paulson & Co. increased its holdings by 26 percent to 21.8 million shares.
Between these two funds alone, that’s a total of $3.5 billion secured in the yellow metal.
What do they know that the average person doesn’t?
“People expect prices to rise in the third quarter since historically it has been proved that it’s one of the best periods for gold, and investors who see easing coming in from various central banks are either increasing or holding on to their positions,” according to Donald Selkin, the New York-based chief market strategist at National Securities Corp.
Economist Robert Wiedemer — who is famous for accurately predicting the collapse of the U.S. housing market along with the stock market crash of 2009 — predicts that gold is a must-have in everyone’s portfolio.
“We could see gold's bull run lasting another decade . . . and, we'll see truly remarkable prices during that time,” he says.
In a controversial interview, Wiedemer explains exactly why he thinks gold will surge to historical levels. “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2013.”
: Go Here to See the Shocking Interview with Wiedemer
When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations (Click here to see the exact charts
The blame for such devastation, Wiedemer justifies, lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including current Federal Reserve Chairman Ben Bernanke and former Chairman Alan Greenspan.
Both were tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.
At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”
And that will only lead to more inflation, making gold an even better investment.
The interview, often pulled off major media networks because of its controversial economic allegations, is best known for offering realistic, step-by-step solutions that the average hard-working American can easily follow . . . such as the best way to own gold.
Originally filmed for a private audience, the Wiedemer interview has leaked out and has now been viewed by over 40 million people, according to their website
“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, responsible for the release of the film.
Asked if he is concerned that Wiedemer’s predictions could be wrong, DeHoog responded, “No, our real concern is this — what if only half of his predictions come true?
“That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to allow this video to be shown on as many outlets as possible. We want the word to spread.”
: For a limited time, Newsmax is showing the Wiedemer interview and supplying viewers with copies of the new, updated Aftershock book including the final, unpublished chapter. Go here to view it now.
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