Billionaire George Soros’ 13-F report filed with the SEC reveals Soros has just sold his entire equity position in financial stocks (over 1 million financial shares) and converted the entire proceeds ($130 million) into shares of the SPDR Gold Trust ETF.
If an insider like Soros is moving his entire financial portfolio into gold (albeit of the paper variety), it appears this fall may be a dead ringer for 2008.
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.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Sounds like George listend to your Ann Barnhardt inteview Doc!
Did some more research…looks like Paulson has jumped into gold as well.
http://www.marketwatch.com/story/paulson-soros-upped-gold-holdings-last-quarter-2012-08-15
George Soros can go fuck himself.
There is nothing to like about him and he is a bitter man. Just married a woman in her 40′s.
Now the prick wants all the gold because someone told him about the bank ‘reorganization’ over drinks and dinner.
Hopefully, when he is dead, his wife will get the money and give it all to charity.
Soros is a complete ghoul. During WWII he sold his neighbors to the Nazis for bread. He went steadily downhill from there. Imagine how much pain he caused the ordinary people when he broke the Bank of England, thereby making his first billion. Since then his money has been made on the pain and suffering of others. What sort of suffering was ladeled out as his fortune climbed to $30 billion. If there was a devil incarnate it is Soros.
His room in Hell is already furnished and awaiting his arrival. The really sad part of all of this is he is still on the sunny side of the dirt and spreading his vileness in the world today.
Obama is his greatest achievement.
Like Darth Vader, the disciple of the Sith Lord Emperor Palpatine, the Soros-cer’s apprentice is all full of evil intention, serving his overlord and master with avid and eager intent. Yet the irony is that Soros thinks he runs the show. Just as he served his Nazi masters in WWII, he is still nothing more than a servant of the really evil men– the occupants of dark, cool castles in the mountains of central Europe. They are the enemy.
To be sure Soros lives an easier life now, replete with foxy young women to do his bidding; easier than his time in Germany. But I disgress. His investments are just a reflection of the evilness of men to whom he owes his slavish obeisance. Good luck to you, Soros, when you find out your billions invested in GLD are just post it notes with the message from his overlords. Ha Ha Ha Told you so!
It is said that Soros turned on his fellow Jewish neighbors, but he still has ties to Jewish background by support of many progressive websites, people, and ideology. He helps to promote a marxist-like future through his support of these organizations which help undermine the constitution, destroy individualism, and do away with borders.
How smart can he be moving into the GLD ETF ?????…Paper??….Rehypothicated????
@Silvergood1 : Soros is a large institutional investor- unlike the average investor he can likely withdraw whatever physical inventory GLD has out the backdoor.
Doc If that is the case, then it’s even worse than I thought. He would steal the gold and leave the other investors including John Paulson hold the bag. Unless Paulson knows what Soros knows. Of course if the GLD vaults are really empty both of these investors have been played for fools by larger forces than I can speculate on.
$130MM aint anything. Chump change to $40 BN. If ppl want to go through the no-Gold in GLD speculation line of thinking – then $130MM is just a fraction of what he really has in gold and is a small price to pay for throwing people off the scent.
Soros bought GLD? What a maroon!! If he read Harvey he would know there is no beneficial gold backing up that ETF.
Besides, who is the custodian for GLD. Your mother? No, bullion bank HSBC. Good luck on that when the SHTF.
Hey AGXIIK–I am trying to figure it out–do you like Soros or not? LOL
If you had 100 dollars in your pocket and went to the coin store to spend the equivalent of what Soros did on gold, you’d spend 33 cents. Personally, I think this dollar figure and others are various “fees” he’s paying to the overlords to stay in the game if you will; while at the same time, the media spins it to the bankster’s financial benefit. After all, they need to make big plays in public to sucker muppets to move at this point, no?
“Soros is a large institutional investor- unlike the average investor he can likely withdraw whatever physical inventory GLD has out the backdoor.”
Indeed so. If one chooses to wade slowly through the Byzantine muck of the SLV and GLD prospectus docs, one will find that small investors MUST settle their trades in cash while those with a LARGE number of shares can choose to withdraw metals instead. When the SHTF, the GLD and SLV will fold up like $2 suitcases in a high wind. While the small investors are clamoring at the front doors to be let it so they can withdraw their money, A-holes like Soros will have the trucks loading up in the back. They will NOT be loading currency. They will drain every grain of metal from these ETF vaults and leave nothing for the small investors. This is how these s**t-stains operate. Count on it.
Also… kudos to AG for his use of the word ”obeisance”. Haven’t seen that one in a while. Also, I loved the comparison of The Emperor and Darth Vader to Soros and Obama. VERY appropriate! Someone should do an animated mini-movie that shows Obama morphing into the Emperor… that would be scary and hilarious at the same time.
This is Friday’s Gold Nugget. Follow the money. No matter what you think of the man, he’s playing the game legally. No matter if a millionaire pays 13% Income tax, the same as someone making $40K. Ah, people?!?! The law is what you let it.