Billionaire George Soros Dumps 37% of Stocks To “Buy Up Massive Amounts of Gold” But

Dec 2013
33,811
19,360
Beware of watermelons
#1
Why is George Soros moving billions of dollars out of stocks and into gold assets and other precious metals?

Perhaps the point of collapse has arrived.

The suggestion seems to be that a point of no return is coming for the stock market system of illusion and usury. The Fed’s great bubble is getting ready to burst. It is playing out on a time frame decided, undoubtedly, by those closest to the inside.

Worse, the end of the U.S. petrodollar is playing out, with plenty of geopolitical drama as currency wars threaten to undo the foundation that the nation has been resting upon.

When the music stops, the economy will shatter and collapse in a devastating wave that will catch the vast majority of Americans off guard. It isn’t the first time Soros’ positions have served as a stark warning.

Soros is shifting towards gold because he understands what is coming, and likely has several tricks up his sleeve.

According to the experts, fear of the dollar is driving his gold purchases.

via Sputnik News:

Maybe the best argument in favor of gold is that American legendary investor and billionaire George Soros has recently sold 37% of his stock and bought a lot more gold and gold stocks.

“George Soros, who once called gold ‘the ultimate bubble,’ has resumed buying the precious metal after a three-year hiatus. On Monday, the billionaire investor disclosed that in the first quarter he bought 1.05 million shares in SPDR Gold Trust, the world’s biggest gold exchanged-traded fund, valued at about $123.5 million,” Fortune and Reuters reported Tuesday.


Billionaire George Soros Dumps 37% of Stocks To "Buy Up Massive Amounts of Gold" But Why?
 
Feb 2015
1,524
803
upnorth
#6
I wouldn't put much faith in what the media says Soros or Warren Buffet are doing with their money, as these news releases are impossible to verify, but it certainly makes sense to me to pull wealth out of crooked paper assets and put it in hard assets like gold and silver.