everyone at the lunch wanted to know what bubbles the billionaire might be investing in at the moment, given his theory. Soros dodged the question when I asked him but subsequently noted, “The ultimate asset bubble is gold.” I’m not sure if he meant that gold has been a bubble since the beginning of recorded history or just a bubble over the past couple of years. He never shows too much of his hand.
Soros on Gold
Two things came to mind reading this. Soros is usually right. And this is scary. I can assume that when he says something like this; he then disappears leaving only a creepy smile floating in the air.