George Soros Shorts Oil, Goes Long Gold

By on July 19, 2008

George Soros has reportedly shorted oil at $137 a barrel and gone long gold.

Soros is the founder of Soros Fund Management. In 1970 he co-founded the Quantum Fund with Jim Rogers. It returned 42.6% per year for the next ten years and created the bulk of the Soros fortune.


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