Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Soros Unloads All Investments in Major Financial Stocks; Invests $130 Million In Gold
TMO ^ | 8-16-2012 | Mac Slavo

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

Mac Slavo
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.

What’s 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 there’s anyone with an inside track of where things are headed next it’s 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 he’s shifting his assets into what may be the only asset class left standing when it’s all said and done.


TOPICS: News/Current Events
KEYWORDS: commodities; gold; goldbugs; soros; stocks
Navigation: use the links below to view more comments.
first 1-5051-88 next last

1 posted on 08/17/2012 4:24:46 PM PDT by blam
[ Post Reply | Private Reply | View Replies]

To: blam
Startling....

Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG

2 posted on 08/17/2012 4:30:20 PM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

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?


3 posted on 08/17/2012 4:31:28 PM PDT by allendale
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Well, I’m not surprised. He’s finally started to listen to my advice.

:)


4 posted on 08/17/2012 4:34:23 PM PDT by Blado (Democrats - the party of juvenile unresolved daddy issue rage.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

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.


5 posted on 08/17/2012 4:34:50 PM PDT by Bryanw92 (Sic semper tyrannis)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mnehring; COUNTrecount; Nowhere Man; FightThePower!; C. Edmund Wright; jacob allen; Travis McGee; ..

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 don’t add you to the list...

6 posted on 08/17/2012 4:39:29 PM PDT by null and void (Day 1306 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bryanw92

My thoughts exactly. Nice tagline, too.


7 posted on 08/17/2012 4:40:33 PM PDT by tumblindice (Sic Semper Tyrannis)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Bryanw92
I remember seeing articles on Soros in the Straits Times & Malaysian newspapers in the late 90s. They wanted to hang him.

The leftist bastard is universally hated. Of course he supports this administration.

8 posted on 08/17/2012 4:41:21 PM PDT by skeeter
[ Post Reply | Private Reply | To 5 | View Replies]

To: null and void

evil genius


9 posted on 08/17/2012 4:41:51 PM PDT by Nifster
[ Post Reply | Private Reply | To 6 | View Replies]

To: Bryanw92
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.

Money can't buy happiness, money can't buy forgiveness, but money can buy protection.

For a while, anyway.

10 posted on 08/17/2012 4:42:30 PM PDT by null and void (Day 1306 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
[ Post Reply | Private Reply | To 5 | View Replies]

To: null and void

You want to ruin your appetite look at the Wiki entry for Soros.


11 posted on 08/17/2012 4:44:16 PM PDT by skeeter
[ Post Reply | Private Reply | To 6 | View Replies]

To: blam
JP Morgan (701,400 shares)

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.

12 posted on 08/17/2012 4:44:56 PM PDT by bgill
[ Post Reply | Private Reply | To 1 | View Replies]

To: null and void
Money can't buy happiness

He just got married.

13 posted on 08/17/2012 4:46:56 PM PDT by bgill
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam

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.


14 posted on 08/17/2012 4:47:25 PM PDT by SE Mom (Proud mom of an Iraq war combat vet)
[ Post Reply | Private Reply | To 1 | View Replies]

To: bgill

I rest my case...


15 posted on 08/17/2012 4:48:11 PM PDT by null and void (Day 1306 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
[ Post Reply | Private Reply | To 13 | View Replies]

To: blam

WIKI
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.”[1] 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.”


16 posted on 08/17/2012 4:50:13 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

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.


17 posted on 08/17/2012 4:51:19 PM PDT by mike_9958
[ Post Reply | Private Reply | To 1 | View Replies]

To: allendale

They both want to damage the USA the maximum amount by the election.


18 posted on 08/17/2012 4:51:53 PM PDT by donna (Republicans wont change their ways until conservatives draw the line.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

He’s worried about the future of TARP (Romney victory) and the future of private equity (Zero victory).

Thanks blam.


19 posted on 08/17/2012 4:51:55 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | View Replies]

To: null and void

>>For a while, anyway.

60+ years??? This guy is protected by more than money or human governments.


20 posted on 08/17/2012 4:53:30 PM PDT by Bryanw92 (Sic semper tyrannis)
[ Post Reply | Private Reply | To 10 | View Replies]

To: allendale

“If there is a war in the Persian Gulf, the price of gold will soar.”

The fact that he is only selling financials tells me it is not a world wide collapse. If it were he would be selling all equities and not just financials.
Its either the threat of war in the middle east or break up of the euro, which is what I’m betting he is betting on.


21 posted on 08/17/2012 4:53:30 PM PDT by WILLIALAL
[ Post Reply | Private Reply | To 3 | View Replies]

To: blam

Getting prepared to engineer another financial meltdown prior to the election? (which was why Obama was elected)


22 posted on 08/17/2012 4:58:09 PM PDT by Toespi
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bryanw92
In the fwiw department, France and Russia have arrest warrants out for his ass.

I can't recall the other country where he is wanted.

5.56mm

23 posted on 08/17/2012 5:02:31 PM PDT by M Kehoe
[ Post Reply | Private Reply | To 5 | View Replies]

Comment #24 Removed by Moderator

To: M Kehoe
In the fwiw department, France and Russia have arrest warrants out for his ass.

Don't we have extradition treaties with them?

25 posted on 08/17/2012 5:04:28 PM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
[ Post Reply | Private Reply | To 23 | View Replies]

To: M Kehoe

Good. There is no one on the planet that deserves a bullet in the brain more than this POS.


26 posted on 08/17/2012 5:05:34 PM PDT by Bryanw92 (Sic semper tyrannis)
[ Post Reply | Private Reply | To 23 | View Replies]

To: MileHi
Good evening. France yes, Russia I don't think so. Soros is currently living in Brazil. Yes, he has a place in NYC, but money buys many things if you catch my drift.

5.56mm

27 posted on 08/17/2012 5:07:51 PM PDT by M Kehoe
[ Post Reply | Private Reply | To 25 | View Replies]

To: allendale
Could it be possible that the Obama administration has tipped Soros that war is imminent?

Actually, it was the other way around.

28 posted on 08/17/2012 5:11:41 PM PDT by UCANSEE2 (Does anybody really know what time it is ?)
[ Post Reply | Private Reply | To 3 | View Replies]

To: M Kehoe
...if you catch my drift.

No doubt

Stay safe!

29 posted on 08/17/2012 5:11:58 PM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
[ Post Reply | Private Reply | To 27 | View Replies]

To: allendale

“Could it be possible that the Obama administration has tipped Soros that war is imminent?”

IMHO, if it is anything, it would be Soros tipping the Obama administration!


30 posted on 08/17/2012 5:12:50 PM PDT by TEXOKIE (Nobody made a greater mistake than he who did nothing because he could do only a little. EdmondBurke)
[ Post Reply | Private Reply | To 3 | View Replies]

To: blam

Spooky Dude has a history of Currency manipulation, to destroy economies. However $130 Mil. in gold is really just a drop in the bucket.


31 posted on 08/17/2012 5:13:02 PM PDT by swamprebel (a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, i)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SE Mom
Bull crap article. He sold 50 million in stock last quarter. Berkshire Hathaway buys and sell more ever month. He bought 120 million in a gold spider, and the article selectively fails to tell us if he bought any additional equity's.
32 posted on 08/17/2012 5:14:04 PM PDT by JIM O
[ Post Reply | Private Reply | To 14 | View Replies]

To: Bryanw92
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.

MONEY, LOTS and LOTS OF MONEY.

33 posted on 08/17/2012 5:15:34 PM PDT by UCANSEE2 (Does anybody really know what time it is ?)
[ Post Reply | Private Reply | To 5 | View Replies]

To: swamprebel

It’s more likely he’s trying to manipulate markets.


34 posted on 08/17/2012 5:15:55 PM PDT by swamprebel (a Constitution once changed from Freedom, can never be restored. Liberty, once lost, i)
[ Post Reply | Private Reply | To 31 | View Replies]

To: blam

He didn’t have much effect on stocks. ;-)


35 posted on 08/17/2012 5:18:44 PM PDT by familyop (Duncan Hunter or no-vote.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JIM O

I wondered about that too- if he put ALL his investments into gold- that WOULD be news- but the piece doesn’t mention the rest of his investments.


36 posted on 08/17/2012 5:21:46 PM PDT by SE Mom (Proud mom of an Iraq war combat vet)
[ Post Reply | Private Reply | To 32 | View Replies]

To: blam

Hmmm.... and Finland’s Foreign Minister yesterday said they are done with cooperation on any other bailouts. They have reached the wall on cooperation and the FM (a socialist) said all Finn parties are united on this. He said they are making plans to leave the Euro if there is any attempt to extend further bailout deals.


37 posted on 08/17/2012 5:22:23 PM PDT by cookcounty (Kagan and Sotomayor side with Joe Wilson: -------Obama DID lie!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

This, along with all the gov. bullet buying and military civil war gaming against obammy’s political enemies... Looks bad. The engineer of Obammy’s oppressive deficit would know. He has a history of schemeing these events.

Wonder if they are going to wait until after the election. Banks were told there won’t me another bailout.

On the other hand, a hundred mil for Soros is chicken feed. If the financial system fails, the stock market goes. Does he still having his money in the US stock market?


38 posted on 08/17/2012 5:22:23 PM PDT by SaraJohnson
[ Post Reply | Private Reply | To 2 | View Replies]

To: bgill; null and void
Money can't buy happiness

He just got married.

I know there is supposed to be some kind of 'connection' between both of your remarks, but I can't quite lock it down.

39 posted on 08/17/2012 5:22:46 PM PDT by UCANSEE2 (Does anybody really know what time it is ?)
[ Post Reply | Private Reply | To 13 | View Replies]

To: blam

“This is an individual who not only predicted the collapse of 2008 and took action to insulate himself...”

The old dried-up toad “took action to” MAKE it happen.

$550 billion leaves the market in 2008 right ahead of the election—
Bush looked scared, McCain looked scared and Bath-House Barry looked bored. (Bath-house knew).


40 posted on 08/17/2012 5:25:11 PM PDT by Mortrey (Impeach President Soros)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam; zot; Interesting Times

Soros, being the good America hating communist who used capitalism to get rich that he is destroyed the economies of a couple of countries in Europe and has been targeting the USA for a dozen plus years. He is now preparing for the last phase of his plan. My guess is that the 3rd round of ‘quantitave easing’ or ‘turning on the printing presses to devalue the currency’ that we’ve seen the BH0 administration do in the last couple of years, will set off the final collapse.

But when will it happen, before or after the election?


41 posted on 08/17/2012 5:29:11 PM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Bryanw92
There is no one on the planet that deserves a bullet in the brain more than this POS.

Corn Fuschas say, "The worst thing that can happen is that we get exactly what we deserve".

42 posted on 08/17/2012 5:31:23 PM PDT by UCANSEE2 (RED NECK KUNG FU by Corn Fuschas)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Bryanw92

Indeed. Payback’s a bitch, though...


43 posted on 08/17/2012 5:32:13 PM PDT by null and void (Day 1306 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
[ Post Reply | Private Reply | To 20 | View Replies]

To: M Kehoe
I can't recall the other country where he is wanted.

Thailand.

44 posted on 08/17/2012 5:33:26 PM PDT by null and void (Day 1306 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Tzar

Welcome aboard!


45 posted on 08/17/2012 5:34:06 PM PDT by null and void (Day 1306 of our ObamaVacation from reality - Heroes aren't made Frank, they're cornered...)
[ Post Reply | Private Reply | To 24 | View Replies]

To: UCANSEE2

me: he bought a new wife so should be happy

null: marriage isn’t a happy situation


46 posted on 08/17/2012 5:35:21 PM PDT by bgill
[ Post Reply | Private Reply | To 39 | View Replies]

To: allendale
Soros bankrolls Obama. He funds his campaign with PACs, MoveOn.org and with direct funding of all sorts of left wing support groups..

He knows this is going to trigger the Marxist-Leninist condition referred to as the Dictatorship of the Proletariat an intermediate stage on the road to world communism after Obama pushes the US economy over the fiscal cliff with the lame duck congress. Soros is no fool so he's hedging his bets by dumpimg securities and getting heavily into off shore metals.

47 posted on 08/17/2012 5:36:35 PM PDT by Calusa (The pump don't work cause the vandals took the handles. Quoth Bob Dylan.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: allendale
Soros bankrolls Obama. He funds his campaign with PACs, MoveOn.org and with direct funding of all sorts of left wing support groups..

He knows this is going to trigger the Marxist-Leninist condition referred to as the Dictatorship of the Proletariat an intermediate stage on the road to world communism after Obama pushes the US economy over the fiscal cliff with the lame duck congress. Soros is no fool so he's hedging his bets by dumpimg securities and getting heavily into off shore metals.

48 posted on 08/17/2012 5:36:35 PM PDT by Calusa (The pump don't work cause the vandals took the handles. Quoth Bob Dylan.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: null and void
Thanks.

5.56mm

49 posted on 08/17/2012 5:37:23 PM PDT by M Kehoe
[ Post Reply | Private Reply | To 44 | View Replies]

To: blam

Shut down all automated trading.


50 posted on 08/17/2012 5:55:53 PM PDT by A Strict Constructionist (We're an Oligrachy...Resistance to tyrants is obedience to God. Thomas Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-88 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson