Friday, August 17, 2012

George Sorros is dumping Stock and Buying GOLD

Billionaire Leftists George Soros has recently liquidated a major portion of his equity holdings in major Financial stocks as of the quarter ending June 30, 2012.
The stocks in question are purely financial companies, as well as, banks which range from Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares).

The valuation  of the stock liquidation may exceed  $50 million-US.

What trips a red light here is that Soros, who is known for finical audacity,  has dumped stocks in favor of purchasing nearly 900,000 shares totally over 130,000,000 dollars-US of Gold visa-vi  the SPDR Gold Trust.

The red flag here is that when Billionaires begin jumping ship, especially Billionaire Leftest Liberals with deep connections to the current White House Administration.   This I fear portends a very serious market correction in the very near future.  Those of Soros ilk do not merely thrown hundreds of millions of US-dollars to the wind., if there’s anyone with an inside track, it’s Ole Georgie Soros.

Soros, ” has opined in the media that current financial crisis around the globe is far more perilous now that the homogeneity  of the EU is in question.  He added that the United States is only 1 to 3 years from sever austerity measures which may included Marshall law and a constriction of American citizens freedom and liberties. 

To place a finer point on this our Freinds in the Pacific East... continues to aggressively accumulate
gold. Is this a setup for making the renminbi a gold-backed currency?  To do so, the Chinese understand that they will need to surpass the Federal Reserve’s official, but unaudited, gold holding of 8,133.5 tonnes. China is the sixth largestholder of gold reserves in the world today and officially has reserves of 1054.1 tonnes which is less than half those of even Euro debtor nations France and Italy who are believed to have 2,435.4 and 2,451.8tonnes respectively.

So, the biggest player in the World's economies are betting on a major finical downturn. They are dumping finical stocks, bank stocks and inturn buying GOLD.



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