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

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

If Someone Secretly Controlled What You Say, Would Anyone Notice?
2014 10 01
The subject enters a room in which a 12-year-old boy is seated. A 20-minute conversation ensues. The subject quizzes the boy about current events and other topics to get a sense of his intelligence and personality. But the boy is not what he appears to be. Unbeknownst to the subject, the boy is wearing a radio receiver in his ear, and ...
Obama has had accurate intelligence about ISIS since BEFORE the 2012 election, says administration insider
2014 10 01
‘President Barack Obama’s intelligence briefings have provided him with specific information since before he won re-election in 2012 about the growing threat of the terror group now known alternatively as ISIS and ISIL, an administration insider told MailOnline on Monday. ‘Unless someone very senior has been shredding the president’s daily briefings and telling him that the dog ate them, highly accurate ...
Can holding a magnet against your head help defeat depression?
2014 10 01
Former GP Sue Mildred suffered from crippling depression and anxiety for 20 years. On two occasions it was so severe that she ended up in hospital, and for 15 years she was unable to work. Sue, 51, has tried antidepressants, talking therapies and, out of desperation, even ECT (electro-convulsive therapy), where an electric current is passed through the brain. This did ...
Extremists to have Facebook and Twitter vetted by anti-terror police
2014 09 30
Theresa May to announce new Extremist Disruption Orders to strengthen counter-terrorism if the Tories win the next general election Extremists will have to get posts on Facebook and Twitter approved in advance by the police under sweeping rules planned by the Conservatives. They will also be barred from speaking at public events if they represent a threat to “the functioning of democracy”, ...
Scottish Independence: Protesters demand revote
2014 09 30
Pro-independence campaigners gathered outside the Scottish Parliament for the second day in a row, this time to demand a revote of the September 18 referendum. While yesterday’s “Rally For A Revote” saw the return of Saltires and Yes banners to Holyrood, it did not match the turnout for the “Voice Of The People” rally held on Saturday, when up 3000 people ...
More News »