Business

Why is George Soros Selling Off His Gold and Silver?

Business Insider published an interesting story today revealing an even more interesting tidbit: George Soros’s hedge fund is dumping gold and silver:

On the other hand, according to reporters Gregory Zuckman and Caroline Cui, Soros has been a seller of gold and silver lately.

What’s interesting is why: Soros no longer sees a big threat of deflation. Huh? Yes, while the average person may still think of gold as a bet to counter inflation, the metal obviously surged during the deflation scare, and the attendant raft of central bank easing moves. Those are clearly coming to an end (for now), and thus that theme is coming to an end.

Recently, gold and silver have taken a hit. Gold was down $39 since Monday and “U.S. silver futures have lost 14 percent over the past four sessions, wiping out gains from the previous three weeks that took the price to a 31-year top just below $50 on April 25,” CNBC reports.

Still, though, many see gold as safer than the U.S. dollar. Who? Take Mexico for example.

CNBC says Mexico became the latest emerging economy to ditch holdings of U.S. dollars in favor of gold. The country bought over $4 billion worth of bullion between January and March, “while the currency of its biggest trading partner sits at 2-1/2-year lows”

“The size (of the purchase) is certainly pretty chunky to have been accomplished in that space of time, “Credit Suisse precious metals analyst Tom Kendall told CNBC. “So it certainly gives another sizeable layer of support to gold’s position in the international reserves system.”

Comments (275)

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  • sylvia-test
    Posted on May 4, 2011 at 12:08pm

    Sell it all!

    Report Post »  
  • I-HATE-THE-WORD-DISENFRANCHISE
    Posted on May 4, 2011 at 12:06pm

    Maybe, they will make owning gold illegal forcing all gold to be confiscated for little to no reimbursement. Of course it could be a trick. Ether way I wouldn’t base your investing on what soars does.

    Report Post »  
    • ShyMan
      Posted on May 4, 2011 at 12:18pm

      You may be right about them making it illegal to own gold. It’s been done before.

      Report Post » ShyMan  
  • caprica
    Posted on May 4, 2011 at 12:06pm

    American People ! the Sleeping Giant is Awaken…..to solve our problems we must vote HUSSEIN obama out ! he is the problem of the all evil in America today…now you understand why the communits, muslims, liberals – progressive – global and past soviet union communsits are gladly donated to obmaa campain plus others that obama will not disclose…some forgein donation …probably for saudies…..Obama is their man …now the White House is open to the Anti- America enemy ! revolving doors….
    vote hussein obama out in 2012 …….save our Childrean and freedom ! vote good people in ! vote the corruption out – they are ligal criminals those in white house and in Congress…..that goes for all democrates and large number of republicans in Congress……the sold USA …now is time to vote them all out !

    Report Post »  
  • caprica
    Posted on May 4, 2011 at 12:00pm

    this hungarian jew was selling his own people jews for money ! durning the world war II….so how can you expect him to care for American People …he has USA Citizenship …only to milk this county ! he is not American…he is a still hungarian traitor to USA ! he used this country to advance himself .- he is not American ! he is evil same as bin laden..

    Report Post »  
  • ShyMan
    Posted on May 4, 2011 at 11:55am

    Maybe he doesn’t trust g Gordon liddy.

    I don’t understand the gold thing anyway.

    If the dollar isn’t worth much why would you accept it in exchange for gold?

    Why would these “gold” companies trade valuable gold for worthless dollars?

    Why wouldn’t they just keep the gold?

    What are they going to do with all those dollars? Buy more gold?

    Report Post » ShyMan  
    • Entropy
      Posted on May 4, 2011 at 12:28pm

      Exactly. Something fishy is going on and the average chump is going to be left holding the bag.

      Report Post »  
    • smallstuff7
      Posted on May 5, 2011 at 8:25pm

      I think there’s a very obvious two-fold explanation for Soros selling. First, If he wants to buy more, sell high, get a global sell going, then buy low — buy a much greater quantity at low prices. Second, the current US administration enjoys Soros’ help and influence to convince Americans to unload gold and silver in a frenzied manner, thus forcing Americans to rely on the declining U.S. dollar as they keep printing more money. See Zimbabwe: Gold for Bread for a better understanding:
      http://www.youtube.com/watch?v=7ubJp6rmUYM

      Report Post »  
  • matinva
    Posted on May 4, 2011 at 11:53am

    IMHO, Georgie boy knows his plots are losing ground to a rapid swelling in the ranks of conservatives. Don’t believe that? Just look at what happened in Canadian politics earlier this week. HUGE, unexpected wins by conservatives. More is coming next year here with Obungler’s plans continuing to fall apart by the day. Sorry libs, Barry is a one-termer, like it or not and with Oblahblah out of office, Soros fortunes get severely trimmed here and the dollar goes on a tear. For those of you in Rio Linda, that means the price of gold goes down; fast. Financially speaking, George Soros is no fool. Follow the money. If George jumps, you should too.

    Report Post » matinva  
    • Entropy
      Posted on May 4, 2011 at 12:27pm

      Yep, I saw that about the Canadian elections too. Big conservative wins mean metal prices goe down, and dollar goes up.

      Report Post »  
  • caprica
    Posted on May 4, 2011 at 11:53am

    the hungerian jew – who sold jews durning the world war II is never to be trusted .he holds USA Citizenship but he is not American ……..he is a tratiot to this great Country and History and People ! soros is a old farttt and he will be going to the botto of the hell soon to join obamam bin laden …..this maniac is about 90 year old and the clock is thicking ! and he know it ….he won’t be around for long ……so who is takeing his money? obama?

    Report Post »  
  • kickagrandma
    Posted on May 4, 2011 at 11:51am

    I respectfully ask to sign up and train to be an OLD SEAL. Teach me how, guys, and I will go after this man.

    Bet I could get some older folks to join me…. a senior citizen hit team for GOD. There you go!

    I love my dreams…..

    Report Post »  
  • TerryDo
    Posted on May 4, 2011 at 11:48am

    Soros, is just taking some money off the table.

    If you bought 100 ounces of gold at $75.00 an once and it goes up to $1500.00 + an ounce, you would be stupid not to sell 50 ounces and reap the gains and yet still have your original dollar value invested in gold.

    Report Post »  
    • swalt
      Posted on May 4, 2011 at 12:03pm

      Sell it??? And what do you get for it? DOLLARS. Which are worth 29% less than they were just 2 years ago. What will those dollars be worth 2 years from now? Wise up! Go long on silver and gold … don’t sell it! Hold on to all you have … the dollar is crashing. If you hold on to it, and if you can, buy more, you will be wealthy. If all you have is dollars, you will be destitute.

      Report Post » swalt  
    • Jim213
      Posted on May 4, 2011 at 12:29pm

      I hope your not a investment broker for any major investment company. Good god by a calculator

      Report Post »  
  • Realist
    Posted on May 4, 2011 at 11:47am

    Interesting the guy is a socialist, but definitely have to watch his financial moves.

    Report Post »  
  • ronmorgen
    Posted on May 4, 2011 at 11:45am

    The one calamity I see as certain to befall us soon, the fall of the dollar. How bad it will be? We’ll soon find out. Probably a super depression with widespread unemployment, riots, looting, marshall law, revolution. But that’s just my guess,

    Report Post » ronmorgen  
  • cloudsofwar
    Posted on May 4, 2011 at 11:45am

    he dosen’t care about America only money. and he is all in for obama bucks to replace the dollar. good old george will get what he deserves one day. maybe BO should borrow from George instead of the tax payer, never mind we will be in debt to George. We owe we owe soon to have our currency devalued just like South America countries. all hail BO the C in C.

    Report Post »  
  • trappedinwv
    Posted on May 4, 2011 at 11:44am

    Luckily I put a sell on my silver last Wednesday.

    Report Post »  
    • swalt
      Posted on May 4, 2011 at 11:56am

      If you own silver stock, you are throwing your money away. It isn’t REAL SILVER OR GOLD! It is just paper! It isn’t even PAPER! It’s just digitized money … dollars that are losing value on a daily basis! EFT’s (stock) are probably worthless, and won’t be of any use to you if and when the market crashes. If you bought into the farce about buying stock in silver or gold, I suggest you SELL now and use the money to buy physical silver and or gold. Silver promises the biggest return on your money. People need to wake up! In a few years or less, the US dollar is going to be nothing more than rough toilet paper. But gold and silver will ALWAYS hold their value and be worth a lot more than what they are today. Those who are smart enough to see this will be the only ones who have any real money in a few years. WAKE UP!

      Report Post » swalt  
  • JohnnyJT South Philly
    Posted on May 4, 2011 at 11:43am

    To screw eveyone who bought it ay high prices

    Report Post » South Philly Boy  
  • swalt
    Posted on May 4, 2011 at 11:42am

    JP Morgan Chase is holding over a billion ounces of naked shorts on silver. If the price of silver goes up and stays up, they have to come up with those naked shorts in physical silver … which they DON’T HAVE! They have to get the price back down so they can cover those shorts, otherwise they will need another bailout. Soros is obviously helping them, as is the Fed. These prices are being artificially held down … but they can’t do it forever. The ratio of gold to silver SHOULD be about 10 to 1 … and it will get there. If you don’t own any silver, now is the time to buy some. I am using this opportunity to buy more.

    Report Post » swalt  
    • Jim213
      Posted on May 4, 2011 at 12:24pm

      There will be no more bailouts period ! They will fold and that is that.

      Report Post »  
  • Cuthalu
    Posted on May 4, 2011 at 11:42am

    It’s a ruse.

    Report Post »  
  • Double_A
    Posted on May 4, 2011 at 11:40am

    That‘s the best idea’s you guy’s can come up with?!?

    Report Post » Double_A  
  • MidWestMom
    Posted on May 4, 2011 at 11:40am

    Where the heck is the REPORT POST link?

    Report Post »  
  • lketchum
    Posted on May 4, 2011 at 11:40am

    and he’ll buy right back in after it drops like a rock and just before the fiat currencies collapse entirely.

    The margin rates on EFT’s increased sharply and rather than pay the added fees, investors are selling.

    Keep stacking, buy on the dips and go long on silver. Hold gold in appropriate amounts for all the right/same reasons has you always have.

    Report Post » lketchum  
    • NOKOOLAIDDRINKER
      Posted on May 4, 2011 at 12:08pm

      I agree. To him it’s all about “the Game” of power, manipulation and the money to continue his evil “games”. This is the same man who has a god complex (self-proclaimed). He has also manipulated and almost destroyed various currencys around the world. Just because you can do something doesn’t mean you should. His name is EVIL!

      Report Post »  
    • Shasta
      Posted on May 4, 2011 at 1:32pm

      Is Soros in anyway responsible for the increased silver margin? We will know if he swoops back in at the bottom of the dip and buys s***load of silver again. I am long on silver.

      Report Post » Shasta  
    • Juan Gault
      Posted on May 4, 2011 at 7:20pm

      Too bad no one rings a bell at the top or at the bottom. Time 4 the metals to correct. Only question remaining is how far and how fast?

      Report Post »  
    • progressiveslayer
      Posted on May 4, 2011 at 7:33pm

      I’m buying on the dips,long on gold and silver.

      Report Post » progressiveslayer  
  • heavyduty
    Posted on May 4, 2011 at 11:39am

    He probably bought most of his gold at say $600.00 an ounce. Now its over $1500 and ounce. You don’t have to be a genius to figure this one out. Dumping all that gold and silver will cause the price of gold to drop and a lot of goof people will find that the gold they bought is now worth less than when they bought it.

    Report Post »  
    • swalt
      Posted on May 4, 2011 at 11:47am

      He won’t sell very much. He isn’t a stupid man. Evil, but not stupid. When hyperinflation hits (and it will) gold and silver will be worth a whole lot more than today’s prices. Some analysts are saying $5,000 to $10,000 gold is not unreasonable. Soros knows that. He is helping to drive the prices on precious metals down to cause more instability and to help JP Morgan Chase cover their naked shorts. As I said earlier, I am going to use this opportunity to buy MORE.

      Report Post » swalt  
    • Entropy
      Posted on May 4, 2011 at 12:16pm

      You know what? This whole gold thing could be a ruse to screw the little guy yet again. And Beck could be in on it. “Buy Gold! Buy Silver!”. Then everybody buys gold and silver. The price goes way up. Rich guys dump the metals-Little guy is left holding the bag. They have done it countless times before and people still fall for it. It is the oldest trick in book.

      Report Post »  
    • Jim213
      Posted on May 4, 2011 at 12:25pm

      Same as their houses !

      Report Post »  
  • Lotus503
    Posted on May 4, 2011 at 11:38am

    Maybe Soros is making the classic maneuver of selling off to drive the price down, then repurchasing at the lower price? If he has enough gold and silver, he could do it…

    Report Post »  
    • Jim213
      Posted on May 4, 2011 at 12:22pm

      Same as Wall Street and the ones that lose are the gullible that keep pumping the same amount into their 401k’s every month.

      Report Post »  
    • Pydge
      Posted on May 4, 2011 at 12:41pm

      I just said this to the person next to me before reading your remarks!! Yipes: It is all of this —it is what hedge funds do—buy low + sell high.

      Report Post » Pydge  
  • BetterDays
    Posted on May 4, 2011 at 11:37am

    Soros has over eleven Tons of Gold Bullion, so unless he’s selling over half of his holdings I smell an attempt to manipulate the market, again. I wonder if seal team six is free this weekend for a Soros operation?

    Report Post »  
    • ReddenBlack
      Posted on May 4, 2011 at 11:49am

      Yes, because we should assassinate and innocent man who has committed no crime. He has good business sense, that‘s why he’s a billionaire. He didn’t get that way by wasting his time and money investing in gold.

      Report Post » ReddenBlack  
    • Dale
      Posted on May 4, 2011 at 12:05pm

      ReddenBlack;
      “Yes, because we should assassinate and innocent man who has committed no crime.”
      ————————–
      What evidence do you have he has committed no crime? The federal reserve bank commits not crimes. The social security administration, except for its being a governmental program, would be in jail ie bernie madoff. Manipulating currencies is repugnant, immoral, and I believe illegal.

      Report Post » Dale  
    • Jim213
      Posted on May 4, 2011 at 12:19pm

      Nice touch

      Report Post »  
    • ReddenBlack
      Posted on May 4, 2011 at 12:23pm

      @ Dale

      I have no evidence that he has not commited any crimes.

      Silly me, I thought I was living in a country where people were presumed innocent until proven guilty.

      BTW, What you “believe” is irrelevant. Manipulating currencies is not illegal. It is incredible difficult for a PRIVATE CITIZEN like soros to do, but even then, not illegal. Why don’t you try looking up laws in the books, instead of checking your gut.

      Report Post » ReddenBlack  
    • Ailene Wright
      Posted on May 4, 2011 at 12:45pm

      Reddenblack, How can you defend such a slimy POS like Soros? Do you know anything at all about the man and his background? Have you not seen the interviews where the megalomaniac declares that he likes to play god? He turned in jews to the nazis and has a jewish background himself. Nothing like turning on your own kind for fun and profit. He actually stated that he enjoyed it. He is devoid of decency and is a pathetic excuse for a human being. I for one will be glad when he is no longer above ground.

      Report Post »  
    • ReddenBlack
      Posted on May 4, 2011 at 12:53pm

      @ Ailene

      Yes I do know about his life and some of the things he has done.

      I also know none of that is illegal. You can hate him all you want, for whatever reason. But good people do not want to kill someone just because they do not like them or they’re politics.

      All that nonsense you mentioned. Let‘s say it’s all true. What charges would you bring him up on? Specifically. “Being a anti-semite in the first degree?” Still not a crime. If you hate him so damn much, why don’t you get to work to make more money than him, that would REALLY piss him off.

      He’s a billionaire, and I don’t like ANYONE with that much money, they don’t deserve any help at all. But if your gonna send navy seals on him, or waste taxpayer time and money on non-sense trials, you should get to work on Jon Huntsman first.

      Report Post » ReddenBlack  
    • Ailene Wright
      Posted on May 4, 2011 at 1:17pm

      Reddenblack, It is all true,straight out his mouth. He caused the deaths of people. Was it illegal at the time? No,unfortunately it wasn’t,he was living under Hitler’s rule. Was it moral or something a person with common decency would do? Hell no. Does he deserve to die for that “crime” that wasn’t a crime at the time? I think so. It would not be the death of an “innocent” man.

      Report Post »  
    • logictrumps
      Posted on May 4, 2011 at 1:22pm

      ReddenBlack

      Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England . He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically, almost overnight.”

      In 1997 Soros almost destroyed the economies of Thailand and Malaysia. At the time, Malaysia’s Prime Minister, Mahathir Mohammad, called Soros “a villain, and a moron.” Thai activist Weng Tojirakarn said, “We regard George Soros as a kind of Dracula. He sucks the blood from the people.”

      In 1994 Soros crowed in “The New Republic ” that “the former Soviet Empire is now called the Soros Empire.” The Russia-gate scandal in 1999, which almost collapsed the Russian economy, was labeled by Rep. Jim Leach, then head of the House Banking Committee, to be “one of the greatest social robberies in human history.“ The ”Soros Empire” indeed.

      France has upheld an earlier conviction against Soros, for felony insider trading. Soros was fined 2.9 million dollars. Recently, his native Hungary fined Soros 2.2 million dollars for “illegal market manipulation.” Elizabeth Crum writes that the Hungarian economy has been in a state of transition as the country seeks to become more financially stable and westernized. [Soros'] deliberately driving down the share price of its largest bank put Hungary’s economy into a wicked tailspin, one from which it is still trying to recover.

      DiscoverTheNetworks. org (another good source) writes, “By his [Soros'] own admission, he helped engineer coups in Slovakia , Croatia , Georgia, and Yugoslavia . When Soros targets a country for “regime change,” he begins by creating a shadow government, a fully formed government-in-exile, ready to assume power when the opportunity arises. The Shadow Party he has built in America greatly resembles those he has created in other countries prior to instigating a coup.”

      Some of the many NGOs (None Government Organizations) that Soros funds with his billions are: MoveOn. org, the Apollo Alliance , Media Matters for America , the Tides Foundation, the ACLU, ACORN, PDIA (Project on Death In America ), La Raza, and many more. For a more complete list, with brief descriptions of the NGOs, go to DiscoverTheNetworks. org.

      When the Democrats and Republicans held their conventions in 2000, Soros held Shadow Party conventions in the same cities, at the same time. In 2008, Soros donated $5,000,000,000 to the Democratic National Committee, DNC, to insure Obama’s win and wins for many other Alinsky trained Radical Rules Anti-American Socialist. George has been contributing a $ billion plus to the DNC since Clinton came on the scene.

      Report Post »  
    • logictrumps
      Posted on May 4, 2011 at 1:25pm

      ReddenBlack

      Who Is George Soros?

      In late 2006, Soros bought about 2 million shares of Halliburton, Dick Cheney’s old stomping grounds.

      As Matthew Vadum writes, “The liberal billionaire-turned-philanthropist has been buying up media properties for years in order to drive home his message to the American public that they are too materialistic, too wasteful, too selfish, and too stupid to decide for themselves how to run their own lives”.

      Soros’ involvement with the MSM (Main Stream Media), the entertainment industry (e. g. he owns 2.6 million shares of Time Warner), and the various political advertising organizations he funnels millions to. In short, George Soros controls or influences most of the MSM. Little wonder they ignore the TEA PARTY, Soro’s NEMESIS.

      Soros told Australia’s national newspaper “The Australian” ” America , as the centre of the globalised financial markets, was sucking up the savings of the world. This is now over. The game is out,” he said, adding that the time has come for “a very serious adjustment” in American’s consumption habits. He implied that he was the one with the power to bring this about.”

      Soros has been actively working to destroy America from the inside out for some years now. People have been warning us. Two years ago news sources reported that “Soros [is] an extremist who wants open borders, a one-world foreign policy, legalized drugs, euthanasia, and on and on. This is off-the-chart dangerous.”

      György Schwartz, better known to the world as George Soros, was born August 12, 1930 in Hungary . Soros’ father, Tivadar, was a fervent practitioner of the Esperantoa language invented in 1887, and designed to be the first global language, free of any national identity

      Sorry your defense of this sinister man is disgusting. He makes his billions from crashing markets and you have the nerve to defend him. Go ahead and google the SOB, the search results are 100% positive, not a single mention of his past deeds with market manipulation and the pain he induced.

      Report Post »  
  • NOBALONEY
    Posted on May 4, 2011 at 11:32am

    Because he’s tired of dusting his holdings?

    Report Post » NOBALONEY  
  • poverty.sucks
    Posted on May 4, 2011 at 11:27am

    Trading in for Obama Bucks

    Report Post » poverty.sucks  
    • 101
      Posted on May 4, 2011 at 2:44pm

      He’s going broke trying to destroy the US, cashing in his reserves!

      Report Post »  
  • Obama Snake Oil Co
    Posted on May 4, 2011 at 11:26am

    Because its time….this crook doesn’t care if he damages this country…hes a communist.

    Report Post » Obama Snake Oil Co  
    • ozchambers
      Posted on May 4, 2011 at 11:32am

      to screw with the value of my stash?

      Report Post » ozchambers  
    • MidWestMom
      Posted on May 4, 2011 at 11:35am

      Anything this man does should be viewed with alarm.

      Report Post »  
    • Obama Bin Lying
      Posted on May 4, 2011 at 11:39am

      What is worse is Mexico has more Money…and yet they are invading this country left and right. Maybe we should hop a fence into Mexico, oh wait, we would be thrown in jail. Maybe we should immigrate. No that won’t work either, because you will alwys be a second class citizen there.

      Doesn’t seem fair….does it?

      Report Post » Obama Bin Lying  
    • D0ntTread0nMe
      Posted on May 4, 2011 at 11:41am

      He is making the moves he has been planning… it’s just another link in the chain for him.
      http://www.mythoughtsfromthemiddle.blogspot.com

      Report Post » D0ntTread0nMe  
    • akamaikamaaina
      Posted on May 4, 2011 at 11:44am

      the only time you can sell your gold and silver is when there is a buyer. once everybody tries to sell their gold and silver there will be no buyers. the value of something is what you can get for it, not what you paid for it. sell now sorros knows the value of money. the only people telling you to buy are the people that want to sell. if it is such a good investment why are they selling it?

      Report Post »  
    • hud
      Posted on May 4, 2011 at 11:44am

      Hell, I always heard he was a Nazi. Hedge Funds buy and sell to make money.Buy low sell high, and vice versa. It’s about the profit. Need to know if he’s shorting these metals, or just taking a profit. By the way, he’s not God. he’s been wrong on a lot of trades.

      Report Post »  
    • frustratedwithgovt
      Posted on May 4, 2011 at 11:47am

      I’m pretty sure the only reason he sold is because both have been over extended. When price drops too far and everyone fears that the the gold and silver run is done, he will be right there to buy again.

      Report Post » frustratedwithgovt  
    • vic138
      Posted on May 4, 2011 at 11:51am

      A stock market correction would cause money to flow into treasuries thus strengthening the dollar and (temporarily) causing gold and silver to go down in value. If QE3 is announced I bet he buys it back.

      Report Post » vic138  
    • txn4justice
      Posted on May 4, 2011 at 12:02pm

      Who cares. I hope he has a heart attack real soon.

      Report Post »  
    • mtnclimberjim
      Posted on May 4, 2011 at 12:03pm

      Go ahead and drop the price some more. I’ll just load up on a bunch more. If your in this game and worried about a small fluctuation like this, you best get into a different game.

      Report Post » mtnclimberjim  
    • vic138
      Posted on May 4, 2011 at 12:07pm

      If we do get deflation, cash is king. Maybe he’s lying???

      Report Post » vic138  
    • cause420
      Posted on May 4, 2011 at 12:08pm

      I wonder if it’s because the Gold traded in U.S. dollars is coming to an end? Maybe Gold will be worth more in Euros? Maybe the dollar is going to take a signifcant blow? Could it be signs that the dollar is going to get signifcantly stronger? It is interesting that he is doing this within 3 days after the UBL announcement. Dow is down with oil and gold? Strange…. Chinese hyperinflation?

      Report Post » Cause4Liberty  
    • Professional Infidel
      Posted on May 4, 2011 at 12:13pm

      I got my own opinion!! I am also a “Professional 2nd opinion giver”!! “Better get a second oninion” that’s where I make my money er Gold. always had it always will. Screw Soros

      Report Post »  
    • Mandors
      Posted on May 4, 2011 at 12:14pm

      He’s probably switched to rare earth metals, the kind that all touch screens require, and that are of limited supply. Thus, same position different commodity.

      On the other hand, he said he wanted to deflated the currency by 15-20%. That’s happened, so maybe he was telling the truth. He got what he wanted. Deflation over? We’ll see.

      Report Post » Mandors  
    • smithclar3nc3
      Posted on May 4, 2011 at 12:14pm

      So we send billions down every year to mexico and they are using it to buy gold….huh while dumping the dollar

      Report Post »  
    • Jim213
      Posted on May 4, 2011 at 12:16pm

      He is selling while people still have money. He’ll take that money and buy something you can see or hold in your hand.

      Report Post »  
    • warriorspirit
      Posted on May 4, 2011 at 12:25pm

      It is real simple. If the world decides to convert to a single world currency (something he wants). This new currency would be seen as stable. When the world views it’s currency as stable the need for gold and silver will be reduced. This will cause both to drop in price. Mark my words if they get their one world currency you better sell asap. Also he will not be keeping his money in US dollars. Some currencies will win out and some will loss big time if we moved to a single currency. The trick is knowing which ones are which…

      Report Post »  
    • poverty.sucks
      Posted on May 4, 2011 at 12:25pm

      Pay off for losing the bet for earlier than expected death of Osama bin Mohammed bin Awad bin Laden

      Report Post » poverty.sucks  
    • 1TrueOne55
      Posted on May 4, 2011 at 12:30pm

      He is only going to dump enough to manipulate the price to his advantage. Where is the SEC when you need them. They go after Bernie Madoff but not Georgy Schwarz/Soros…

      Report Post » 1TrueOne55  
    • Pydge
      Posted on May 4, 2011 at 12:32pm

      UBL did his thing–now it is Soros. Soros IS A MURDERER according to numerous Hungarians that remember how he tattletailed and 100 Jews were rounded up by the Nazis and killed—yes—that long ago when he was 13 yrs old. Old enough to know better as he is a Jew himself. And there is o statute of limitations on murder.
      Now that BHO has been credited with having balls in the killing of UBL, let’s see if he does anything with Soros…
      All the money we have given Mexico to keep their economy intact !!! —dating back to (at least) Clinton where HUGE payments to them to keep them from default—wow —and they do this hoarding with spending US cash. And Soros is right there to arbitrate, advise, and cash in…so he can further devalue our dollar, level the playing field—etc.
      Stimulate hoarding—good tool, Tool.

      Report Post » Pydge  
    • OneFootRandy
      Posted on May 4, 2011 at 12:41pm

      Eric Sprott just sold a lot of silver. He has been one of the metal’s major proponents for a while. Silver is volitaile to begin with, has had a meteric rise in a short time and is due for a correction. When your a large enough player like these guys are, you dont react to the timing, you set it. They have, they picked this spot to reap huge profits and will most certainly be buyers once their targets come into range again.

      The Fed is in a box, it may have announced the end of QE2 was going to happen as planned, however they still have to find a way to fund our government deficits and some form of stealth monetizing of that debt will be continuing until the final collapse.

      This is the game ladies and gnetlemen, these sort of events are predictable, and I bet my bottom dollar that precious metals have not seen their high yet, not even close. Ever since silver started this crazy rise a few weeks ago I have been waiting for a huge blowoff, and I am hoping to increase my stash once it gets below $35ish. If it finds support before then and rallies I may have to bite the bullet and pay more.

      What has improved since PMs started their rise? Is the dollar stronger? NO, even today as silver continues its selloff the dollar is down. Has the US government reduced spending or increased taxes to deal with the deficit? NO, in fact it is borrowing more than ever. I dont see a bullish scenario for the dollar in any way. The sluggish economic data with the housing market still deep in depression and aparantly getting worse there is no chance of a significant acceleration. In fact, most of the increased economic activity is inflation driven and debt financed, thats not a recipe for rebound, just a slowdown of the collapse.

      Hold on to your butts people, this is just one of those bumps in the road.

      Report Post »  
    • Gas137
      Posted on May 4, 2011 at 12:41pm

      If I remember Ayn Rand’s novel correctly, John Galt established the economy of his work-centered utopia using gold. There was no single, evil, gold-rich enemy like Soros to sell the metal short devaluing Galt’s community.

      It’s interesting to speculate that Glen Beck has the same idea as Galt and Soros has gotten wind of it.

      Report Post » Gas137  
    • frustratedwithgovt
      Posted on May 4, 2011 at 12:43pm

      @ Warriorspirit who wrote “It is real simple. If the world decides to convert to a single world currency (something he wants). This new currency would be seen as stable.”

      Its never gonna happen. Just look at the in fighting at the EU as the Euro was moving down last year.
      A currency only has value when measured against something else. If its a one world gov’t and one currency what will you measure its value against? I can tell you it won’t be gold.

      frustratedwithgovt  
    • cemerius
      Posted on May 4, 2011 at 12:44pm

      Selling his gold and silver for what kind of currency?? Euros or maybe Chinese Yuan?

      Report Post » cemerius  
    • rockymtnpatriot
      Posted on May 4, 2011 at 12:45pm

      Because of the left-wing media, there are still far to many people who do not know who George Soros is or what he is up to. The TRUTH is out there and it is up to each and every one of us to ensure that everyone understands what is really taking place. It is our job as Americans to make certain that TRUTH & HONESTY are brought back to Washington. If you would like to make a difference and you have 15 minutes of you time to spare, I urge you to email me at rockymtnpatriot@yahoo.com. I have written an “Open Letter” to the president that if circulated properly WILL make a difference in the direction this country is heading. If you really want to help make a difference, please send me an email.

      Report Post »  
    • burned at edges
      Posted on May 4, 2011 at 12:49pm

      There is no evidence that he started selling his gold. I went and looked at the latest 13F filing with the SEC and his gold holdings have not gone down at all. Still about 700 million dollars worth that I saw with just a Quick look…about the same as the last 13F.
      http://www.sec.gov/Archives/edgar/data/1029160/000101143811000109/form_13f-soros.txt

      Report Post »  
    • restoretheusa
      Posted on May 4, 2011 at 1:07pm

      yes he’s a commi like our president

      Report Post »  
    • jeffile
      Posted on May 4, 2011 at 1:22pm

      No, he’s not a communist. He is an a@@@ole, globalist and an elitist.

      Report Post »  
    • A Doctors Labor Is Not My Right
      Posted on May 4, 2011 at 1:23pm

      Just a guess: He needs the money now to help with Obama’s re-election, or for the Marxists’ replacement president.

      Report Post »  
    • CultureWarriors
      Posted on May 4, 2011 at 1:24pm

      My guess … Alzheimer’s.

      Report Post » CultureWarriors  
    • CatB
      Posted on May 4, 2011 at 1:24pm

      I figured he was up to something .. manipulation of the markets!

      Report Post »  
    • rodamaa
      Posted on May 4, 2011 at 1:34pm

      He is a lot worse, he is a Marxist Globalist or at least that’s what he wants you to think. The agenda is certainly that of a Globalist which is what he hopes to achieve. He is more likely a soviet agent or at least a Russian supported agent. Soros is a Marxist but more than that, he is an ego-maniac opportunist who wishes to control the world. Bringing down the US would be a dream come true. Not to mention the money and power he plans to acquire. Read up on Open society if you want to know more.

      Report Post »  
    • hauschild
      Posted on May 4, 2011 at 1:37pm

      Yet, the dollar continues to fall.

      Anybody that would sell their gold now has definitely got a set, that’s for sure.

      Report Post »  
    • A Doctors Labor Is Not My Right
      Posted on May 4, 2011 at 1:39pm

      Just another guess. Soros said he wanted to get involved with teaching (Commie propaganda for our youths).

      Now, I suspect that he’s doing this because Glenn Beck mentioned on air that he was going to try to reach the youth, himself. And although Soros is already involved in our schools, this recent educational endeavor of his seems to come on the heels of Glenn’s announcement.

      He might have sold the gold for this reason.

      Report Post »  
    • Unix
      Posted on May 4, 2011 at 1:41pm

      hmmmm, manipulation of the markets?

      Report Post » Unix  
    • afellowpatriot
      Posted on May 4, 2011 at 1:58pm

      No. He’s an oligarch.

      Report Post » afellowpatriot  
    • logictrumps
      Posted on May 4, 2011 at 1:59pm

      US Treasury Tells Lawmakers It Needs $2 Trillion In Debt Capacity

      Reuters reports that the US Treasury has informed lawmakers it needs a $2 trillion debt limit increase to operate… until the end of 2012. Better stated, this is 112% of US GDP (which will soon be declining). This is precisely as Zero Hedge speculated. We hope PIMCO will be swayed soon enough to buy all this extra debt about to start coming down Geithner’s conveyor chute. But yes, the Fed will most certainly not be needed to monetize this extra debt: Japan, Europe and Libya have it covered. That said, we don’t know if Libyan rebels will have the capacity to monetize the $3 trillion in debt in 2013, $4 trillion in 2014, and so forth. The pattern is clear.

      http://www.zerohedge.com/article/us-treasury-tells-lawmakers-it-needs-2-trillion-debt-capacity

      Sure sounds like paper money will be worth something in a few years :)

      Report Post »  
    • smithclar3nc3
      Posted on May 4, 2011 at 2:04pm

      Soros is hoping that everyone will follow his lead and dump their gold to bottom out the market. However if everyone wholes their gold and Soros Gold is just absorbed the market will only get stronger.

      Report Post »  
    • US_SOLDIER
      Posted on May 4, 2011 at 2:05pm

      There seems to be no end in sight of bad news for America. It seems inevitable that America will collapse into a third world style country. You can disagree with me if you like but all the signs point to it. We are being left out of major talks for a new reserve currency. That is the only thing keeping us afloat now with our massive amount of debt and unwillingness to tackle it. Several nations already had a meeting to establish a basket of currencies as the new reserve currency and we didnt get invited. India just announced they are going to pay for oil in the rupee (their currency) http://www.thehindu.com/news/national/article1989248.ece. If the dollar ceases to be the reserve currency then you will see prices on commodities and oil shoot through the roof. Already in many countries they have to pay over $10/gallon because they have to buy dollars then buy oil. We will be buying the new currency in the near future just to buy our basic resources. Economists say that $5/gallon gas is the tipping point in the economy. After that point prices of commodities and fuel begin to drag the economy down and consumer spending drops dramatically simply because people cant afford it. We are already at that point in many states without a new reserve currency. So for those that dont think the U.S. will go into freefall ask yourelf if you really think we can afford two times or more what were already paying for food and fuel if we cease to hold the reserve currency with such a weak economy already

      Report Post »  
    • Lost in the Flyover
      Posted on May 4, 2011 at 2:12pm

      Here is an article written by an economist that explains why Soro’s is moving away from gold, it is written for people who have a greater grasp of economic theory than I, but basicly what I took away is that while the Fed has held interest rates at next to 0 money has moved into not only gold and silver but also the stock market and commodities… As the Fed prepares to begin to raise interest rates by shrinking the inflated money supply people will divest of overpriced comodities and the stock market will have a large correction…

      http://www.fxstreet.com/fundamental/analysis-reports/outside-the-box2/2011/04/20/

      Report Post » Lost in the Flyover  
    • 101
      Posted on May 4, 2011 at 2:35pm

      I’m still buying GOLD & SILVER looks like my next purchase “this week” will be cheaper than I thought…I have faith in the gold & silver & no faith in Soros.
      There is no way I’m leave perfectly worthless fiat currency sit in the bank when I can buy something of value GOLD…gold is still undervalued, today with inflation it should be at $2200.00 and with more inflation in the coming years well, you figure it out!

      Report Post »  
    • Eliasim
      Posted on May 4, 2011 at 2:36pm

      Well yes, but more importantly George Soros is a master of illusions, and he is trying to cause another illusion.

      Report Post »  
    • thebarbarian
      Posted on May 4, 2011 at 2:42pm

      he’s betting on the quick drop f prices … profit taking . hoping it creates a sell off then he’ll come in and buy it back up. simple economics. if the price drops buy. just don’t sell.

      Report Post »  
    • Eliasim
      Posted on May 4, 2011 at 2:42pm

      I’ll go ahead: I prophecy that George Soros is going to leave this world bankrupt, and his children will despise his name.

      Report Post »  
    • Molly Caudle
      Posted on May 4, 2011 at 2:45pm

      He’s a bastard.

      Report Post » Who would Jesus bomb?  
    • Cerealface
      Posted on May 4, 2011 at 2:51pm

      Duuuuh, he won’t live forever. He just going to sign off his gold to someone else after he’s gone? Or enjoy it? ENJOY IT

      Report Post » Cerealface  
    • tarbush
      Posted on May 4, 2011 at 2:52pm

      I think cemereus is right about buying yuan or euros. One of these will become the replacement for us dollars as international currency.

      Report Post »  
    • mgriffin1951
      Posted on May 4, 2011 at 3:00pm

      Remember the 5 economies he crashed single-handedly that won’t allow him to step foot in their country? It was rumored he had bought enough to effectively do that to our economy. Watch the market closely.

      Report Post » mgriffin1951  
    • 101
      Posted on May 4, 2011 at 3:01pm

      Schiff does an outstanding job explaining the market.
      Silver sell-off, record low t-bill rates, inflation!

      http://www.youtube.com/watch?v=t3gQa6v1WiY

      Report Post »  
    • G.W. Dobbs
      Posted on May 4, 2011 at 3:22pm

      Soros is no fool; he knows things we do not know and is making money.

      Report Post »  
    • Unix
      Posted on May 4, 2011 at 3:33pm

      @US_SOLDIER
      Posted on May 4, 2011 at 2:05pm
      There seems to be no end in sight of bad news for America
      —————–\
      Tap, you hit the nail right on the head. It is just now a matter of time, who knows how long, and how bumpy the ride will get, I think it will be very bumpy in a lot of ways.

      Report Post » Unix  
    • Unix
      Posted on May 4, 2011 at 3:36pm

      @Lost in the Flyover
      Posted on May 4, 2011 at 2:12pm
      Here is an article written by an economist that explains why Soro’s is moving away from gold
      ——————————\

      i believe it will be more than a correction, but a crash – the DOW could come tumbling down to the 1500 level – that’s bad! understatemnet I know.

      Report Post » Unix  
    • Unix
      Posted on May 4, 2011 at 3:37pm

      @A Doctors Labor Is Not My Right – or to fund this bottom up deal they call for…

      Report Post » Unix  
    • old white guy
      Posted on May 4, 2011 at 3:40pm

      what about canada. they have to sell their oil for inflated“ less value than they had” american dollars. but canada will not cut america off as many other socialist and dictatorial countries would do.

      Report Post »  
    • Unix
      Posted on May 4, 2011 at 3:41pm

      @frustratedwithgovt
      Posted on May 4, 2011 at 12:43pm
      @ Warriorspirit who wrote “It is real simple. If the world decides to convert to a single world currency (something he wants). This new currency would be seen as stable.”

      Its never gonna happen. Just look at the in fighting at the EU as the Euro was moving down last year.
      A currency only has value when measured against something else. If its a one world gov’t and one currency what will you measure its value against? I can tell you it won’t be gold.
      —————————–/
      Why not? If gold was priced at 50,000 per unit (whatever they match it against) a basket of curencies or a new one?

      Report Post » Unix  
    • oldoldtimer
      Posted on May 4, 2011 at 3:41pm

      We are being manipulated. Many will rush to sell their gold to preserve their money. Just in time for the big collapse and the insiders will make yet another fortune.

      Report Post »  
    • APatriotFirst
      Posted on May 4, 2011 at 4:12pm

      How do you spell…….Minipulation

      Report Post »  
    • JRook
      Posted on May 4, 2011 at 4:16pm

      Because that is what smart money does. He is not a lemming following someone who has a vested interest in promoting the purchase of gold. If your smart you will follow his lead.

      Report Post »  
    • Unix
      Posted on May 4, 2011 at 4:17pm

      @Pydge
      Posted on May 4, 2011 at 12:32pm
      UBL did his thing–now it is Soros. Soros IS A MURDERER according to
      ———————-\
      Hilter was also half Jewish, just remember that, on his mother’s side.

      Report Post » Unix  
    • texguy46
      Posted on May 4, 2011 at 5:40pm

      I am so sick of soros.

      Report Post »  
    • gripesofwrath
      Posted on May 4, 2011 at 6:33pm

      Metals are the investment of choice of responsible people – you know, the ones who actually pay their mortgages. Soros et al his commie pals are trying to create chaos in the last stronghold patriots have. I say weather the storm if you can. There are two thirds of the world’s population who can now buy metals for the first time, so nobody is going to tell me the demand is falling. Something stinks here ! Has Mr. Soros sold his bullion and bought even more of it in mining stocks? Check how the mining stock indexes go in the next week. This makes no sense – the dollar is going nowhere but down. Only one thing can prevent a major crash in our currency, and that is if the banks return the hundreds of billions we loaned them to create private sector jobs. I jave prayed they do not put these monies into circulation just for this reason. A businessman can’t possibly make a solid business plan with all the X factors in healthcare and cap and trade taxes potentially on the horizon.

      The last two years the major banks, the same ones we lent this money to, have been in the top profit makers in the country, by simply holding onto our money. It should be illegal for them to collect any interest on this capital. Like I said, something stinks like insider trading with Big Bro’ as mediator. I smell an October surprise coming next year – and it looks like the President has an ace up his sleeve. I hope the hell the House of Reps. smells the same thing and checks this out. If all of these major progressive players continue to sell, all the above will turn out true. There is too much world demand for manipulation, unless anti-trust laws are being broken en masse here. Can you say world economic wealth redistribution?

      Report Post »  
    • Hollywood
      Posted on May 4, 2011 at 8:03pm

      I disagree completely with your view that Soros doesn’t care. I believe he cares very deeply. I believe he wants to ruin the U.S.$,and economy, as much as his power allows!
      He believes he is a God,has said so publicly[I watched him say it].
      He ruined the British currency,and Thailands’.
      He has a One World agenda,and will do everything he can to establish it!
      He is very sincere in HIS view, that what he is trying to achieve, will be better for the world.
      Sadly he will end up with his mentor satan, and find out how he has been used by him, and will have all eternity to say Whoops!
      Can I have a second chance?

      Report Post » Hollywood  
    • avenger
      Posted on May 4, 2011 at 8:11pm

      did I miss something ? the USA ,Europe and the rest of the world sold their printing presses,balanced their budgets and all is well. I am keeping my gold,buying more ammo and storing more food….

      Report Post »  
    • tower7femacamp
      Posted on May 4, 2011 at 8:46pm

      Because that’s what the Rothschilds told him to do.

      Report Post » tower7femacamp  
    • tower7femacamp
      Posted on May 4, 2011 at 8:47pm

      censorship sucks

      Report Post » tower7femacamp  
    • liberty belle
      Posted on May 4, 2011 at 9:30pm

      IMHO, there’s only 4 things you can put your trust in…God, gold, guns & glenn….you have to ask yourself, is Soros dumping ALL his gold, or just enough to send some ripples to make people nervous & panicky…watch what the other hand is doing!

      Report Post »  
    • Hollywood
      Posted on May 4, 2011 at 10:54pm

      SPOOKY dude talks to his mentor, who insists he can be/is a god. All he has to do is go along with his program to FULLY realize his godhood! Shouldn’t keep eating the apple Georgie boy. It will not end well for you! Not hubris on my part, but a Guarantee by the REAL GOD.
      I pray you will change your ways!

      Report Post » Hollywood  
    • Libertyluvnmomma
      Posted on May 5, 2011 at 10:22am

      It is possible to sell a fair bit of gold high and buy another commodity from say a small country in Africa and manipulate them into an NWO contract.
      Meanwhile put speculation out there where particular investors are on shaky ground.

      The mob rule mentality is very evident in some of these conservative posts. Listening to some of you makes me question the moral superiority.
      The “republic” concept is equally difficult for conservatives as well as liberals. again I see the false paradigm.

      Report Post » Libertyluvnmomma  
    • jackrorabbit
      Posted on May 5, 2011 at 11:14am

      He is an opportunist, and as such he is selling his position, knowing that many people will follow him, and he will rebuy at a lower price. Buy now as it goes down since we don’t know where the bottom is.

      Report Post »  
    • poverty.sucks
      Posted on May 5, 2011 at 8:41pm

      How much money does he need to buy death photos of Osama bin Mohammed bin Awad bin Laden?

      Report Post » poverty.sucks  
    • choteau5895
      Posted on May 6, 2011 at 2:46pm

      this is the true nature of Obama…. namely, he wants to destroy what we know as the traditional role of America as a nation of economic Capitalism. then, once he’s broken the system, he’ll be able to re-make it in his own image, which you’ve correctly identified: marxist.

      he wants “from each (small business and wealth creator…) from his capacity, and …. to each ( needy, non-working, or willing to work minority ) according to his need. which are many.

      this is the key. he knows that by spending well beyond our budget, and our ability to repay (our debt) that is will all come crashing down. soon. and he wants to be the buy who rebuilds AmeriKa in his own image. be wary America. he’s got a plan. unfortunately, it‘s like nothing you’ve known in your lifetime.

      obama-care was the first step. follow who the white house has exempted since Obama-care became law. (unions and left leaning states)

      good luck.

      Report Post »  
    • thinkinfurther
      Posted on May 6, 2011 at 10:35pm

      as you read the opinions below remember “on that day they will throw their gold and silver into the streets” I say buy food

      Report Post »  
    • zimmerda
      Posted on May 7, 2011 at 11:38am

      How about Soros knew about the imminate attack on UBL that would drive down the value of gold and silver?

      Report Post »  
    • jam ustigran
      Posted on May 7, 2011 at 7:35pm

      Interesting…
      dingleberry was apparently told to dump at the same time the gov. stomped on traders buying on margin..at the same time they killed ben Larden…looks like coordinated manipulaton.

      For what reason?

      Report Post »  
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