George Soros

[kennynah]

i wonder if CNG is a cleaner source of energy compared to fossil fuel, if indeed CNG does not stem from fossilized fuel in the first place?

i have a friend who converted his car into a CNG ready vehicle. He said it cost him some ~S$3K and it will take him about less than 3 years for him to ROI this investment. i guess, how long it takes to recoup the cost of installing a CNG engine is dependent on the consumption pattern of individual car owners.

[millionairemind]

i wonder if CNG is a cleaner source of energy compared to fossil fuel, if indeed CNG does not stem from fossilized fuel in the first place?

i have a friend who converted his car into a CNG ready vehicle. He said it cost him some ~S$3K and it will take him about less than 3 years for him to ROI this investment. i guess, how long it takes to recoup the cost of installing a CNG engine is dependent on the consumption pattern of individual car owners.

K - CNG is made up of mainly methane, CH4. It burns cleaner, producing less CO2 for the same amount of road traveled.

As for gasoline, it is basically reformate with additives. The main components are Benzene, Toluene and Aromatics, of which is mainly carcinogenic.

[kennynah]

MM....many thanks for this education...

[winston]

If you have a copy of The Alchemy of Finance, it's time to review a chart there, the chart of Earnings vs. Price in a rebounding economy.

In a recovering economy, earnings will continue upwards, while prices would be zig-zagging upwards as well.

Unfortunately, I dont have a copy of that book with me so I will not be able to post that chart here.

The questionis whether this is a normal recovering economy ? In the past, you dont have massive liquidity being released into the system eg. China's Stimulus, China's Massive Bank Loans, TARP etc.

If anyone has that book, please do feel free to post that chart here.

[Cheng]

[winston]

Hi Cheng,

In the entire book, the above chart was the only takeaway for me.


Thanks,
Winston

[winston]

Davos 2010: George Soros warns gold is now the 'ultimate bubble'

Gold is now "the ultimate bubble", billionaire investor George Soros has declared, sparking fears that prices for the precious metal may soon suffer a tumble.

By Edmund Conway in Davos

Mr Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."

Gold prices last month reached a record level of just over $1,225 per ounce, having risen around 40pc last year. Investors are piling into the metal amid fears both of potential inflation and fading faith about the stability of previously-assumed safe assets such as government debt. However, the chairman of Barrick Gold, the world's biggest producer, Peter Munk, said he expected the metal's upward march to continue.

Mr Soros added that by proposing imminent "exit strategies" from the unprecedented support handed out to troubled banks and consumers, governments around the world could be in danger of triggering a double-dip in the global economy. In comments which will reinforce Labour's plan to fight the next election on promises not to start raising taxes or cutting spending too soon, he said that it was still too early to slash budget deficits.

He said: "I think that since the adjustment process to the recession is incomplete, there is a need for additional stimulus. Some countries, like the US and European countries, have plenty of room to increase their deficits. The political resistance to doing so increases the chances of a double dip in the economy in 2011 and after that."

The Conservatives have pledged to start cutting public spending almost immediately after this year's election, but their promise was weakened earlier this week by an International Monetary Fund report warning that it may still be too early to begin this process. Mr Soros also came out in favour of Barack Obama's plan to split up large US banks, but said that proposals to tax the banking system could also endanger the recovery.

http://www.telegraph.co.uk/finance/fina ... ubble.html

[winston]

Soros Doubles Gold-Fund Stake During Fourth Quarter, SEC Says By Steve Stroth

Feb. 16 (Bloomberg) -- Soros Fund Management LLC more than doubled its holding of the SPDR Gold Trust during the fourth quarter, data from the U.S. Securities and Exchange Commission showed.

The holding in SPDR Gold Trust, the biggest exchange-traded fund backed by the metal, increased to 6.178 million shares as of Dec. 31 from 2.45 million at the end of September, the data show. The investment was valued at $663 million.

Source: Bloomberg

[lithium]

Did soros say gold is in ultimate bubble......... but he double his holdings?

[Musicwhiz]

Best not to follow the "gurus" too much. They have deep pockets but we retail investors do not.