Skip to comments.Soros Unloads All Investments in Major Financial Stocks; Invests $130 Million In Gold
Posted on 08/17/2012 4:24:39 PM PDT by blam
Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
August 16th, 2012
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.
Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.
Whats equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.
When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen.
While often lambasted for his calls to centralize global banking, increase government intervention in the economy and his support of what he has called an emergence of the new world order, if theres anyone with an inside track of where things are headed next its Soros.
Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model an end of an era, has recently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering one of the most dangerous periods in modern history, and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties.
This is an individual who not only predicted the collapse of 2008 and took action to insulate himself, he also proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression. In his aforementioned book he suggested that central banks infuse the system with massive amounts of monetary expansion, but also warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse.
Based on recent activity in Soros US held accounts, it seems that governments and central banks have failed at those efforts to stabilize the system. As such, Soros is getting out of those companies which are most at risk should the financial system buckle like it did in 2008 and hes shifting his assets into what may be the only asset class left standing when its all said and done.
Soros bankrolls Obama. He funds his campaign with PACs, MoveOn.org and with direct funding of all sorts of left wing support groups.. If there is a war in the Persian Gulf, the price of gold will soar. Could it be possible that the Obama administration has tipped Soros that war is imminent?
Well, I’m not surprised. He’s finally started to listen to my advice.
Why is this a$$h*le still breathing? He betrayed his people in WW2. He betrayed his new people in the communist era. He screwed up the economy of Britain. He’s trying to destroy ours. He is the enemy of decent freedom-loving people everywhere.
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you need to threaten to report me to the Admin if I dont add you to the list...
My thoughts exactly. Nice tagline, too.
The leftist bastard is universally hated. Of course he supports this administration.
Money can't buy happiness, money can't buy forgiveness, but money can buy protection.
For a while, anyway.
You want to ruin your appetite look at the Wiki entry for Soros.
Well, well, well, it was just a couple years ago when he claimed he had dumped all JP Morgan shares and was offered the CEO position at JP Morgan.
He just got married.
Fascinating, what the big money is doing now. Really- if Soros is putting that much into gold, something’s up.
My other question (that comes up in the article you linked) is whether or not all these alphabets that are buying up ammo have purchased it in THE PAST in quantities like this...if this is SOP then it’s not indicative of impending bad times. If it’s new...then maybe it is time to start prepping.
I rest my case...
Gresham’s law is an economic principle that states: “When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation.” It is commonly stated as: “Bad money drives out good”, but is more accurately stated: “Bad money drives out good if their exchange rate is set by law.”
Soros invested heavily in FB - probably lost a pile of cash - so that proves he may have lost his touch as far as his speculative talents go.... and he’s kind of an idiot anyway.
The market is going up - inflation is on the rise. Other than Europe falling apart I’m not sure I see the collapse, buying and selling happens all the time.
Unless Obama figures he’s not leaving office when he loses I don’t see that much upheaval - conservatives have all the guns.
They both want to damage the USA the maximum amount by the election.
He’s worried about the future of TARP (Romney victory) and the future of private equity (Zero victory).
>>For a while, anyway.
60+ years??? This guy is protected by more than money or human governments.