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Posted by Gerry1982 on

George Soros Gearing Up For A Fortune In the Gold Market

George Soros could be brazing for a storm after reducing his holdings on stock and taking his fortunes in the market of Gold. During the first quarter of 2016, Soros purchased the shares of the world’s largest gold miner Barrick Gold worth $264 million. However, this was not a surprise as Soros is known to have made much of his wealth through market speculation. He is commonly known as “the man who broke the Bank of England” after he speculated the British Pound on the Exchange Rate Mechanism to make a profit of $1 billion after the Bank of England was forced to devalue the currency.

The recent move by Soros has been inspired by the fact that he made a prediction about the future of the economy of China. According to George Soros, China is headed for problems after the country chose to promote the country’s growth and shows no commitment to controlling the level of debt. It, therefore, follows that when the stock market is bearish, the price of gold tends to rise because the investors view gold as a “safe haven” for their investment. On the other hand, when the stock market is bullish, people invest in the stocks and reduce their holding in the gold market which reduces demand and ultimately reduces the prices of gold.
Read the full story at http://www.bloomberg.com/news/articles/2016-05-16/billionaire-soros-cuts-u-s-stocks-by-37-buys-gold-producer

In essence, Gold prices tend to rise when people are afraid, and the price of gold has increased more than 20% this year alone. Since his recent prediction, George Soros has also doubled his bet against the S&P 500. He now owns 2.1 million put options on the SPDR S&P 500, a company that tracks the performance of the benchmark index. It follows that put options are some of the ways to show that an investment will lose value.

No one knows what Soros expects the market to decline. In fact, it is not clear if Soros is betting on the decline of the U.S. stock market or he may be trying to hedge his overall portfolio. Only Soros knows the magnitude of the decline he expects and why he thought it was a calculated move. However, it is worth to note that Soros doubled his caution making it either a significant bet against the stocks or the hedge. Earlier in the year, George Soros sounded an alarm on the global financial markets saying that China’s situation only reminds him of the 2008 financial crisis.

According to George Soros, he believes China has a significant adjustment problem which will eventually amount to a crisis on http://www.georgesoros.com/. The move that motivated Soros to invest in Gold was because he understands the disruptive collapse of China’s growth in “practically unavoidable.” According to Raul Moreno, co-founder, and CEO of iBillionaire, Soros has made money during bearish and bullish which is the reason people will trust him.

Posted by Gerry1982 on

Securus Helps Us Check On Pen Pals

Our women’s society has taken on pen pals that we are working with to help when they are in prison and when they get out of jail. That means that we want to be able to talk to these people in person, and we are using the Securus app with help from the prison system. We have been calling in to talk to inmates that our society will help, and we get to check in with them using the Securus app on a tablet.
We also know people who have been using Securus with their family, and that really helps when they are trying to check on someone that they know who is in prison. We are learning about family members that are about to get out of prison soon, and it helps some of us who cannot get to where these prisons are. It is very important to us that we can talk to the inmates on their schedule, and we can all do it together when we get on video calls with Securus.

Recently, Securus a video campaign on Youtube about their app. Watch it here: https://www.youtube.com/watch?v=-jNMeifej0c

We are truly thankful for Securus because we know that they are making our prison helpers program much better for all the inmates. The inmates are getting a lot from this program, and we can call in when it is convenient for everyone. We save a lot of time that we can use for other parts of the program, and we do not have to worry about missing any of the visitation. We always make it to all the visitations, and we can all gather around to talk to someone that we are helping. It is great for us because it makes our program successful, and we are truly blessed to know people who can check in with family using the Securus app on their mobile device.
Read more: https://www.crunchbase.com/organization/securus-technologies#/entity