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.
“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.
Getting prepared to engineer another financial meltdown prior to the election? (which was why Obama was elected)
I can't recall the other country where he is wanted.
5.56mm
Don't we have extradition treaties with them?
Good. There is no one on the planet that deserves a bullet in the brain more than this POS.
5.56mm
Actually, it was the other way around.
No doubt
Stay safe!
“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!
Spooky Dude has a history of Currency manipulation, to destroy economies. However $130 Mil. in gold is really just a drop in the bucket.
MONEY, LOTS and LOTS OF MONEY.
It’s more likely he’s trying to manipulate markets.
He didn’t have much effect on stocks. ;-)
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.
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.
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?
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.
“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).
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