Billionaire financier George Soros said gold prices might continue to rise after hitting record highs in September, but he renewed a warning that gold is the "ultimate bubble". With economic and fiscal weakness crimping the developed world, Soros said all investments are at risk because "this is a period of great uncertainty, so nothing is very safe". Regarding gold, he said that after asset classes set new highs, there are almost always immediate reversals that disappoint investors. Soros' hedge fund, Soros Fund Management LLC, has been heavily investing in gold and gold-mining companies.
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