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How George Soros Made Billions in 1992

George Soros is a hedge fund billionaire who made billions by betting against the U.K pound. His predictions on came true when the U.K floated its currency. This prediction happened in 1992 when Britain was experiencing one of its worst financial devaluation. Before 1992 there were signs that the Britain pound was not doing so well. Financial honchos like George Soros saw the looming devaluation and betted big against the pound. They risked a lot of money George Soros in particular committed over $ 15 billion into this endeavor. If he was to be wrong he would lose his money and a chain of investors who were represented by his hedge fund.

The British central bank tried to breathe some life into the deteriorating pound to no avail. Measures such as interest rates hikes and currency purchase did not help. It was evident that Britain would have to devalue its currency and in so doing would exit the ERM. This was a moment of awakening for George Soros his predictions were slowly falling into place and there was nothing that was going to change his lucky charm. It was at around 7: 30 P.m that his predictions would fall through earning him a place in financial history. At that point the then British finance minister announced the devaluation of the British pound. Many people defined that particular period as “black Wednesday” but to George Soros this represented a defining moment for his hedge fund. The pound lost 15% of its value against the Deutschmark and ceded another 25% to the U.S dollar. Over a fortnight his quantum fund had risen by $ 4 billion a few weeks later the fund was worth a whopping $ 22 billion dollars. The effect of this is that the fund accumulated over $ 7 billion dollars earning George Soros an approximate of over $ 1.4 billion in profit. He was able to refund the money owed and the amount used by his hedge fund and get a billion extra worth of profits.

For the newbies in the financial world George Soros is an investment wizard who is the founder and CEO of his hedge fund which he founded in the 1970s. According to Investopedia he is ranked 17th on the all best investment list. According to the same source he fled Hungary which was facing civil strife and Soviet backed dictatorship in 1947. According to Bloomberg he has used his investment style to predict another looming financial disaster which could be compared to the 2007-2008 financial crisis. Read more at

According to Investopedia he asked to be described as a financial philanthropist and a philosophical speculator. True to his description he has founded several philanthropic societies. One of them which is known as Open Society Foundation lists him as its founder and chairman.

For Your Future, Invest in Precious Metals with U.S. Money Reserve

According to CBS19, The U.S. Money Reserve is one of the largest precious metal distributors in the United States and takes pride in the reputation they have built. Since Philip Diehl became president of the U.S. Money Reserve, after serving as Director of the U.S. Mint under Bill Clinton’s presidential term of office, he reorganized the business to build a stronger customer response team. Read more: In Recognition Of The 75th Anniversary, The U.S. Money Reserve And The U.S. Navy Memorial Foundation Combine Efforts To Raise A Bronze Lone Sailor Statue At Pearl Harbor and US Money Reserve Promo Codes, 4 Coupons 2016

The team has created a superior response to clients, building a customer base that receives the best customer service available. The new website recently launched offers an online information base of precious metals. Customers can choose U.S. minted coins of gold, silver and platinum. The website also offers a Knowledge Center that answers such questions as coin grading, mintage of coins and why they vary in value.

You can set up an account with the U.S. Money Reserve to safely and securely manage all your purchases online and have your precious metals delivered to you at your home or office. Investing in precious metals is more than an investment, it is an investment that is tangible. You receive your investment and can physically hold your purchase, not just hold a piece of paper. Taking control of your future and securing your investment. Learn more about US Money Reserve:

The website also has a complete IRA Precious Metals Program. U.S. Money Reserve enables you to move an existing IRA account, or a 401 (K) into a Precious Metals IRA Account. With the financial market continuously fluctuating, and the stock market in constant turmoil, it’s the perfect time to take charge of your future and secure your retirement. Buying gold, silver and platinum from one of the most respected distributors in the world guarantees your future.

Why should you choose U.S. Money Reserve to guarantee your retirement money is there when you need it. The team is always there to answer questions, provide you with the information you need, and maintain the confidentiality and security of your information.

When it is your future you are preparing for, or just starting out in the world of precious metals; U.S. Money Reserve is there to help you reach your goals.