Billionaire Soros has been predicting such a crash since last year, and recently placed a massive bet that the S&P 500 Exchange Traded Fund will crash between the first and second quarters. According to SEC filings, Soros recently upped his previously held $299 million in put options (a put is a bet that the stock will go down) to approximately $2.2 billion. That's 11.3 million put options!
Ron Paul, former U.S. Representative from Texas, who has said for a long time that our nation's monetary and fiscal policies would wind us up in a giant mess, is also calling for a major market correction. Nobel-prize willing economist, Robert Shiller, one of the most influential people in the world of finance, has done some historical calculations that indicate conditions are ripe for a market tumble. Hedge fund king Carl Icahn described the U.S. economy as a “dangerous financial situation” and agrees with Fed chief, Janet Yellen, that we are in an asset bubble.
So when some of the brightest minds in finance and investing sound an alarm, we would be smart to pay attention. Precious metals offer you that much needed hedge at times like this.
Karatbars can be your life boat. Please do yourself a favor. Set up a FREE Karatbars account today and start exchanging your worthless fiat currency for Good Delivery Gold before it's too late.
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