And here, ladies and gentlemen, we see yet another example of the modern media’s use of headlines that totally contradict what is actually communicated in an article.
Soros did NOT sell any gold, as stated in the article itself. He actually BOUGHT companies whose profit margin is inexorably tied to the price of gold.
As has been explained, the ETF fund GLD is NOT gold. People who buy shares of this exchange-traded-fund do not get physical possession of real gold. Instead, the fund was created as a pseudo-hedge fund, an investor’s fiction, supposedly tied to the price of gold in some fashion but able to be traded just like any other fund.
Soros just sold something that doesn’t even rise to the level of a silver-certificate dollar, and has some of his cronies in the press (or idiots who shouldn’t be allowed near a typewriter, as the case may be) decided to trumpet to the heavens that the gold bubble has burst.
Double-think and Newspeak at work, folks.
Now why let facts get in the way of a good story ? lol
Ahh...whatever the case may be, it has been reported elsewhere that Soros is selling gold. But, his buddy and sometime partner, the liberal hedge fund owner, John Paulson, is selling gold.
Any commodity...gold, oil, pork bellies...needs a buyer and seller. And therein lies the opportunity for manipulation.