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.
This man is NOT going to heaven.
Malaysia, I believe.
That's right! Hadn't thought about that for a long time. Arlen has been an ass for a long time.
5.56mm
Interesting, but why not just buy physical gold itself instead of shares in a company?
I'm not sure yet what form "It" will take, but "It" is coming. Well, breathing hard, at least.
Dude is worth a LOT more than the amounts he's moving around, but a $130M gold buy is significant even in today's dollars.
Maybe Trump's surprise for the RNC convention will be a college records, Dreams from My Real Father, Larry Sinclair Trifecta.
Thanks for the ping. Looks like Soros is starting a panic run on gold — so he can sell his gold later at higher prices.
It’s obvious that you’re up to no good and I’ll report you to the Admin if you don’t add me to the Nut-job Conspiracy Theory ping.
Gold bug ping.
Gold bug ping.
thank you...the numbers are not as advertised.....also what did he pay for the gold and what were the terms
are you daft ?
never before, never after................. seriously ?...........seriously ?
ever heard of the “ majic bullet “ ?
communists are ardent capitalists...they love the money and the power....they just want themselves and their chosed few to have it....
” - - - he has dumped all of his banking stocks - - - “
The first thing that the Bolsheviks did in Czarist Russia was to raid the Banks.
By charter, the GLR must buy Physical Gold equal in value to ones purchase of GLD.
“Getting prepared to engineer another financial meltdown prior to the election? (which was why Obama was elected)”
I was thinking this IS him engineering it. While his $50 million is probably not a huge deal to those companies - the folks that follow Soros and might do likewise could be big.
I guess he thinks Obama might get reelected, so he’s playing it safe.
Thanks for asking I hope you are well too.
Wiki Einhorn and you’ll see he fought the extradition for quite a few years. My recollection was that Polanski got caught in Switzerland and successfully fought extradition and is a “free man” at least in France and Switzerland. ;-)
Oh crap! Is the SHTF moment about to happen? LOL
It might not have bought happiness but didn’t I read somewhere that he is going to be married to some young woman??
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