George Soros’ footprints were recently revealed in his 13-F report filed with the SEC for the quarter ending June 30, 2012. In it, he unloaded his major financial holdings, selling over one million shares of financial companies – Citigroup (420,000 shares), JP Morgan Chase (701,400 shares) and Goldman Sachs (120,000) shares, the total value amounting to a shade under $50 million, perhaps signalling an obvious event that’s occurring called the collapse of the too big to fail banks coming to a theater near you, except Soros is a Bush/Nazi/Scherf bag man/lackey and perhaps has a better bit of inside info as to the timing of certain moves. So, any purchases?
Yes, and initially, it makes sense, until you think about it, but I guess it makes sense, and I’ll explain.
You see, Soros is buying gold, which is the right move if you see what’s coming, along with silver, of course – the markets about to take a shit, and so is fiat currency, so the right play would be precious metals, as it’s the only real money when it comes to scenarios like this. However, he’s buying the GLD Gold Trust, which is buying paper that promises they have x amount in gold stored for that certificate – knowing that the market is a giant rigged ponzi scheme, my guess is GLD either doesn’t have the gold or only has some of the gold, and by some I mean a little bit. Thus, my inclination is to think that GLD is a ponzi scheme and that is therefore, throwing your money away, such as buying stocks in Chase and holding on to them in this era.
However, when I think of it, I suppose it makes sense – it makes Soros look like the “genius” he’s always played off as in the mainstream media by buying the right piece of paper. My guess is that a collapse would take several days, and so when people realize GLD is garbage, Soros cashes out, either that or the amount of gold the fund actually has goes to Soros, but not to others, since Soros is connected and you’re not.
For those that are aware, the writing is on the wall when it comes to fiat currency. Is this indeed the signal? We’ll find out this fall, when the season of selloffs hit.
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