Rep Claims George Soros Was "Long" Pound Before Brexit VoteChris Menahan
Jun. 28, 2016
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Soros allegedly lost money by being long the pound, but made money due to his heavy investments in gold.
George Soros, the billionaire whose 1992 wager against the pound made hedge fund history, didn’t repeat the bet ahead of sterling’s record tumble on Friday.It came out earlier this year Soros had bought tons of gold, which saw a large jump after the Brexit vote succeeded against all odds.
His fear-mongering no doubt played a large part in the pound's collapse. Part of his "investment strategy" is to try and whip up panics to profit off of people's overreactions during uncertain times.
While most people work to earn an honest living, Soros works to exploit people's weaknesses and fear for personal profit.