Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold
2012-08-23 0:00

By Mac Salvo | SHTFPlan.com

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 acquiringsome 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.

Article from: preppercentral.com






Related Articles


Latest News from our Front Page

Wotan: The Archetype of the Awakened Aryan Man
2015-08-05 2:50
Wotan/Woden/Odin represents the archetype of the questing and awakened Aryan man, in particular the questing and awakened Germanic man. Whilst it is clear from our studies of Germanic mythology that Wotan was not the original primary God of the Germanic pantheon – that honour rests with Tiw/Tyr/Ziu  – nevertheless, Wotan represents that questing and awakened part of the Aryo-Germanic soul more than any other deity. In this article I wish to focus ...
Worker fired over hospital's hardline vaccination policy
2015-08-04 20:55
Three others suspended under Waikato DHB’s new rule requiring staff to be vaccinated or wear a mask. One worker has now been sacked for defying a new hard-line policy forcing unvaccinated Waikato District Health Board staff to get flu jabs or wear masks. A number of staff at the DHB have come forward with concerns since the Weekend Herald revealed that three ...
Bulgaria keeps out migrants with a 50 mile razor wire fence along Turkish border
2015-08-04 20:27
Keep out: Police chief Ivan Stoyanov at the fenceStretching far into the horizon, this is the super-fence blocking thousands of migrants hoping for a new life in Europe. As police in Calais struggle to contain thousands trying to storm the Eurotunnel in their desperation to get into Britain, the Bulgarian authorities are shoring up their border with Turkey. The barriers around the ...
DF wants video to tell refugees to stay away
2015-08-04 20:59
 “If you want to seek happiness in Europe, Denmark is not the right place.”  That’s the message that the anti-immigration Danish People’s Party (DF) wants to send loud and clear to asylum seekers.   DF spokesman Martin Henriksen is calling on Denmark to replicate Australia by releasing a video in English and Arabic that will discourage asylum seekers from making their way ...
Dutch King Willem-Alexander declares the end of the welfare state
2015-08-04 18:26
King Willem-Alexander delivered a message to the Dutch people from the government in a nationally televised address: the welfare state of the 20th century is gone. In its place a "participation society" is emerging, in which people must take responsibility for their own future and create their own social and financial safety nets, with less help from the national government. The ...
More News »