Is the economic end nigh?

'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...

Is there a secret "reset" button for the rapidly failing paper fiat system?

Rico at Theo Spark thinks that there might be. Do read the whole piece, it's thought-provoking, but this is the key passage:

'It is worth noting that George Soros has just tripled his position in Gold. Say what you want about him... he knows his currencies dead-cold is beyond question.
- That he has moved heavily into Gold says a lot about currencies.

...


I suggest that we may soon see a global "coordinated event" that will move the price of Gold.

- While Gold is now roughly 15% of Central Bank reserves (you know these guys, the ones printing huge amounts of paper fiat currency to try and fill the huge holes caused by our insolvent bankers ref infra), one way to increase that number is for Gold to increase in price.

- Remember what the US did in 1933? It revalued the price of Gold from $20/oz to $35/oz...a 75% revaluation for the purpose of increasing the value of its Gold reserves, AND increasing the ratio of Gold as a percentage of its reserves to currency.

Think about it.
- Could this be the secret "reset" button for a rapidly failing paper fiat system?'

A 75% revaluation of the price of gold would mean gold at around $2,800 per oz. Oddly that is not too far from the predictions that I have seen for gold to reach $3,000 or even $3,200 per oz. Could it go that high? Is such a 'reset' button even envisaged?

Are you 100% sure this is just fantasy?

By the way, if this did happen how much more culpable would Gordon brown be for our predicament  than he is already?

Which way for the gold price?

I say up, up, up but George Soros declares that "The ultimate asset bubble is gold."

Which of us is right? Time will tell.