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George Soros' Good Timing On Gold Likely Netted $90M

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Vikas Shukla
Published on
Updated on
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You know what? Gold prices have been rising since July 1999, after hitting the 20-year low of $252.80 an ounce. Today, it stands at $1,783.60, recording over 600 percent growth in the last 13 years. If you'd exited your holdings in Silicon Valley firms (remember the dot com bubble?) and put that money in gold, just imagine where you would have been today! But one shrewd investor named George Soros actually did that (on an annualized basis).

George Soros' Good Timing On Gold Likely Netted $90M

Many detractors argue that gold is a worthless investment because it has a price, but no value. Apart from...

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Vikas Shukla is a technology reporter. He has a strong interest in gadgets, gizmos, and science. He writes regularly on these topics.