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Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
Published : August 17th, 2012
473 words - Reading time : 1 - 1 minutes
( 3 votes, 3.7/5 ) , 1 commentary Print article
 
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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

 

 

 

 

Thanks to Mac Slavo from www.shtfplan.com
Data and Statistics for these countries : Cayman Islands | All
Gold and Silver Prices for these countries : Cayman Islands | All
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You have to love Mr. Soros as his is the classic "rags to riches" story which we ALL love to read and know about. I aim to soon read his biography. I find him interesting like I do the Wizard of Oz. Interesting is one thing but trying to gauge which wa  Read more
algreeny - 8/19/2012 at 11:07 AM GMT
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Mac Slavo

Mac Slavo is the editor of ShtfPlan.com
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You have to love Mr. Soros as his is the classic "rags to riches" story which we ALL love to read and know about. I aim to soon read his biography. I find him interesting like I do the Wizard of Oz.

Interesting is one thing but trying to gauge which way to play by following what he is doing is like trying to predict the weather by looking at the sky in the rearview mirror while driving 70 mph on a winding road with sunglasses on....if you catch my drift..
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