Posted on 05/04/2011 6:40:38 AM PDT by blam
Soros Has Begun Dumping Gold And Silver, While John Paulson Says Gold Will Go To $4,000
Joe Weisenthal
May 4, 2011, 5:07 AM John Paulson told a UK news show on Tuesday that gold is going to $4,000, reports WSJ.
Despite some recent gyrations in the precious metals arena -- more so on the silver side of things -- the prominent investor remains super-bullish for the next 3-5 years.
On the other hand, according to reporters Gregory Zuckman and Caroline Cui, Soros has been a seller of gold and silver lately.
What what's interesting is why: Soros no longer sees a big threat of deflation. Huh? Yes, while the average person may still think of gold as a bet to counter inflation, the metal obviously surged during the deflation scare, and the attendant raft of central bank easing moves. Those are clearly coming to an end (for now), and thus that theme is coming to an end.
(Excerpt) Read more at businessinsider.com ...
I hope he lost a bunch when silver dropped! Soros makes me sick.
As he dumps it...wont the price go down? Also, wasn’t he the guy who messed with the silver market years ago and the prices went kaflooy...or was that someone else?
I don’t know what I am talking about, but just sayin’.
I’m half hoping he DOES influence the price of silver down - I’ll buy more.
when soros is giving out commentary or advice, its not to help you, its to help himself
If it were up to me, I’d let these screwballs drive the price of silver down to $ 10 an oz.
And the next day, I’d be at the bank, emptying my account (which is earning a robust 1.09% on my earnings) so fast your hair would fall out.
They are only dumping PAPER gold and silver so that they can drive down the price and purchase physical. Its a ploy to get into REAL assets at a better price! Don’t buy it! Hang on to your physical, it will pay off in the long run as the Dollar is doomed!
you're thinking of th Hunt brothers, circa 1980
these guys (fubo and the fed) are running the fdr depression era playbook, play by play....they have expanded the money supply to the point of breaking...next up, the fed will contract it to the point of breaking, and it will happen quick....when that happens, the party will be over, and dollars under the mattress will be worth more than dollars in the bank...then another massive expansion will quickly follow...
OK you Gold - Silver bugs, straighten me out. Then article (which is poorly written by the way - just my 2 cents) talks about DEflation...I thought we were going into INflation. What’s up with that?
“OK you Gold - Silver bugs, straighten me out. Then article (which is poorly written by the way - just my 2 cents) talks about DEflation...I thought we were going into INflation. What’s up with that?”
LOL out loud at myself...I meant “This article”...I must have gone to the same writers school at this guy. LOL
Uh, hello? Hello? HELLO!!!
George Soros did not get rich by telling you what he is doing as he’s doing it.
He got rich by telling you something so you do what he wants you to do.
EX: IF he were truly dumping gold and silver would he want you to dump yours at the same time? NO! He would be telling you to buy so he could get a better price.
So, if he’s trying to scare the customers away from precious metals, he’s buying. He is simply trying to scare up more supply.
Expansion for years, slowing expansion, slow contraction, contraction speed up, collapse, repeat.
Only in money's case, Time only moves forward.
It was the Hunt Brothers who sought to corner the silver market.
At the risk of offending those that think gold and silver are the best thing since sliced bread, I have my doubts.
I am not going to argue with those that encourage others to get in while the getting is good because it is pointless (I have tried it in the past and nothing changes their minds).
So if you want to spend your money buying gold and silver go ahead personally I think the game if rigged. In the end, the big boys will clean up and those around them like those on the bottom of a pyramid scheme will be left holding the bag.
I am only posting to provide a counter balance to what I see as a lot of uncritical advise being given.
Good luck to all
What we are having is something known as “biflation.” You can look it up.
The value of our biggest asset (our homes) is going DOWN. As is the purchasing price of our dollar. But the price of things we need; like food and fuel is going UP. That is because our dollar is being destroyed.
Helicopter Ben & Obama have painted themselves into quite the corner.
Now that OBL is taken care of.....what is MI6, CIA, or the SVR waiting for?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.