Gold is set to fin­ish its 11th con­sec­u­tive year of gains, the longest win­ning streak in at ninety years, and is on the brink of a bear mar­ket, says George Soros. The bil­lion­aire who called it the “ulti­mate asset bub­ble” two years ago, reduced his gold and gold related by 99 per­cent in the first quar­ter of 2011, accord­ing to the Secu­ri­ties and Exchange Com­mis­sion data.

Betty Liu reports on Bloomberg Television’s “In the Loop.”

Gold Bub­ble Seen by Soros on Brink of Bear Market

Source: Dec. 29 (Bloomberg)~~~

See also

George Soros Says Mar­kets Are `Always Fallible’

Bil­lion­aire investor George Soros talks about global finan­cial mar­kets and his phil­an­thropy. He speaks with Francine Lac­qua on Bloomberg Television’s “Eye To Eye.” (Source: Bloomberg)Oct. 10 (Bloomberg)

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