Category Archives: George Soros

The U.S. Money Reserve Improves Its Customer Service As Investors Goes For Gold

Billionaire George Soros is one of the business people who understands the problems associated with paper currency. During the first quarter of 2016, Soros purchased $264 million worth of shares from one of the biggest gold mining company in the world. Soros who earned his wealth from speculating the global markets is also known as “the man who broke the Bank of England” after he placed a bet on the future of the Great Britain Pound (GBP) in 1992.

Soros predicted that the US Money Reserve would have to devalue the currency and exit from the Exchange Rate Mechanism. After Soros had placed a $10 billion debt, he turned out to be right the same day, and the Bank of England devalued GBP and enabled Soros to make over $1 billion.

Soros has yet again predicted that the world of global business is in crisis following the surging debt problem in China. According to Soros, China’s debt problem is over two times the value of assets, and the banks have already started to lend each other. The recent purchase of shares from Barrick Gold (ABX) was a sign that gold is a stable currency to safeguard wealth particularly in a time when the global economy is unstable.

It is a trend that has been in place for years where gold prices tend to rise when people are afraid. Gold prices had another incredible boost from BREXIT. After many investors had placed bets on the commodity markets throughout the year 2015, they were then vulnerable to a shock by the start of 2016.

Meanwhile, investors who linked their funds to gold were up for a hefty harvest after gold was consistent since the beginning of the year. After Britain had voted for BREXIT, the price of gold rallied showing that investors were uncertain about the world economy after BREXIT.

According to PR NewsWire, as the price of gold surges over all other commodities, agencies such as the Money Reserve have to serve hundreds of thousands of clients who want to buy gold and safeguard their wealth. The U.S. Money Reserve has been in the limelight lately after it improved its customer service to serve its clients better.

Its CEO Angie Koch was recently featured by Huffington Post’s contributor profile and reports indicate that she will be blogging on their platform. Koch is proud to advice young business leaders on what it takes to manage a business and wealth management.