Surprise, surprise. Dr. Evil himself, George Soros, stands to clean up on Britain leaving the EU.
From Market Watch:
George Soros may be getting rich on an implosion in British markets—again.
The landmark vote in the U.K. to leave the European Union has rocked global markets, sending the British pound GBPUSD, -8.7334% to its lowest level in more than 30 years. Futures for the Dow Jones Industrial Average DJIA, -2.80% plunged as much as 700 points at one point and Europe’s benchmark stock-index SXXP, -7.03% was facing its worst one-day plunge since 1987.
It is precisely the scenario Soros, writing in Britain’s Guardian newspaper last week, warned of. The global financial carnage and Friday’s tumble could be adding to the wealthy investor’s bankroll, if reports are true.
Soros is famous for breaking the Bank of England — and lining his pockets — in 1992 with his bet against the British pound, which resulted in Sterling’s ejection from the European exchange-rate mechanism.
Soros Fund Management, which manages some $30 billion for Soros and his family, has been scooping up gold assets and placing wagers that stocks will tumble, according to The Wall Street Journal in an article dated June 9.
…
Soros bought some 19 million shares in gold miner Barrick Gold Corp. ABX, +4.76% in the first quarter, according to recent public filings. He also bought a large stake Sliver Wheaton Corp. SLW, +0.77% a silver-focused mining firm.