'You can call George Soros anything you want (I certainly do), but 'stupid' or 'clueless' are simply NOT applicable to this rotten Hungarian!
- As a young Jew, he survived the Nazi's by collaborating with them. He is a survivor above all else.
Soros appears to be moving his assets ahead of....something.
- He's protecting himself from whatever is coming. Unlike his very publicly calling gold a 'bubble' a few years ago, this time he's moving quietly. Flying under the radar.
Soros Funds has filed its latest 13-F report with the SEC.
- George has completely dumped his shares in Citigroup (420,000sh), JP Morgan (701,400sh), and Goldman Sachs (120,000sh), cashing-out ~$50 million and leaving him with NO position in any major financials.
- At the same time, he has acquired 884,000sh (~$130 million) of the SPDR Gold Trust (GLD).
Do you suppose a guy who is well-connected to the White House, Wall Street, and the global financial system is telegraphing something?
- Something serious is about to happen.
Money talks when bullshit walks...'
Thanks to Rico at Theo Spark for the spot. And here is a chart that shows how Central Banks are buying gold now...
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