Gold Back in a Big Way After $130 Million Purchase by Soros

He’s buying the ETF instead of physical gold. The ETF does not carry with it any “right” to exchange it for gold, and some doubt if the fund that holds it even has much physical gold. I could be wrong but I think this ETF is run by J.P. Morgan. When the banks collapse, I think it’s a given the market will collapse as well. Won’t that leave him out in left field with all that paper? I could care less what happens to the POS George Soros, but I would have thought someone who knows the markets like he does would be in physical gold and not what amounts to another fiat. The massive investment in GLD indicates that he is betting on an overall downturn in the stock market. We might see something similar to 2008. Which would create another period of great buying opportunities. But what might be in play here are GRA’s. If Obama confiscates all public and private retirement accounts, Soros has positioned his investments in stocks that offer some protection against resulting losses. Such a confiscation of wealth could also trigger massive civil unrest. If you’re not familiar with Obama’s GRA plan, I recommend researching it.

Billionaires Paulson & George Soros Hoarding Gold

We should be focused on backing away from bank run electronic money that is leveraged to use against us. Its pretty clear to see that Gold and silver are not weapons or any threat to the current system and that people are just hoping that the system will self implode. The controllers of the system have any number of options of tweaks to make to keep the system running. But they need leverage that we can deny by simply using more cash. Printed cash is better than having your money in the fractional reserve system, but it is still just a Fed promissory note. They can print a couple of $100 trillion notes and there goes your printed cash. Gold, silver and bitcoin are the best things I know of to get your wealth 'out of the system'.

Billionaires Shifting Into Gold

Today's Talking Points - Hedge fund of George Soros decreased its US stock investments from $8.8 billion to $5.1 billion between March and June 2010. Now its biggest position is in gold - 13% of portfolio. Tough economic numbers: housing starts level down 12.4% to lowest ever recorded and unemployment numbers holding high.

Soros is behind the attacks on Gold Price says Bob Chapman

George Soros Warns Gold is now the ultimate bubble

Mr George Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future. In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."