George Soros is reportedly betting ‘big’ on bearish investments
by Szu Ping Chan
George Soros has piled more of his $30bn fund into gold amid growing concerns about the global economy.
The billionaire investor also warned that if Britain voted to leave the EU on June 23 it would mark the end of the European project.
“If Britain leaves, it could unleash a general exodus, and the disintegration of the European Union will become practically unavoidable,” he said.
Mr Soros, dubbed “the man who broke the Bank of England” for his multi-billion bet against sterling in the 1990s, is reportedly selling more shares and betting “big” on bearish investments, including the precious metal.