Nearly eight years since the last financial crash, billionaire hedge fund manager, George Soros, is betting on the same happening again — and he’s putting his money where his mouth is. In the last quarter, Soros has doubled his bet on an S&P500 crash and massively increased his stake in gold miners and gold. Double Down talks to market analyst, Stephen Kendal, who owns a quad server analysing thousands of data points on markets in the UK and US, about whether or not Soros, who is one of the best performing hedge fund managers in history, is making the right move yet again.
Is the Next 'Color Revolution' Red or Golden?
10:04 GMT 24.05.2016 (Updated: 10:05 GMT 24.05.2016)
Is the next ‘color revolution’ red or golden?
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On today’s episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by market analyst, Stephen Kendal, to discuss billionaire investor George Soros’ double down on his bet against the S&P500 and long gold.