Obama's puppet master loses faith in his puppet - GoFuckYourself.com

onwebcam · 09-25-2010, 01:04 PM

George Soros Dumps U.S. Stocks ? Dives Into Gold

The legendary investor?s Soros Fund Management ? which has approximately $25bn (£16bn) under management ? reduced its equity investments by 42pc to $5.1bn by the end of June, down from $8.8bn at the end of March.

The asset allocation decisions were made during a period in which the Standard & Poor?s 500 index ? the broadest US equity index ? fell 12pc.

The fact that Mr Soros ? best known as the man reputed to have made $1bn by ?breaking the Bank of England? during the 1992 fiscal crisis ? has decided to make such a concerted shift out of equities will send a clear message to other investors.

Gone are Soros?s investments in Petrobras, Brazil?s oil giant, with investments in bellwether stocks such as Wal-Mart, JP Morgan Chase and Pfizer drastically reduced, cut by 99pc, 97pc and 95pc respectively.

Of those equities that do remain, the fund?s holding in a gold exchange traded fund constitutes his largest investment, some 13pc of the equity portfolio, worth $638m.

Although neither Mr Soros of his fund typically do not explain their quarterly investment decisions, it is likely some of the money has been shifted into government bonds, as well as investing in commodities and other safe havens.

The quarterly report ? filed with the US Securities and Exchange Commission ? details investments only in US-traded shares and related derivatives, and the fund does not have to detail overseas shares or cash or commodities held.

A spokesman for Mr Soros did not comment.
http://www.firetown.com/blog/2010/08...ves-into-gold/

IllTestYourGirls · 09-25-2010, 03:25 PM

Anyone else see this as a very bad sign?

Dvae · 09-25-2010, 04:01 PM

Quote:

Originally Posted by IllTestYourGirls

Anyone else see this as a very bad sign?

Also the US Dollar took a major hit in the last week or so.

The Demon · 09-25-2010, 04:02 PM

I told you guys.

ManufacturingMan · 09-25-2010, 04:04 PM

Been buying numismatic coins and gold/silver mining company stock for 8+ years. Anyone who hasn't is a blind fuck

nation-x · 09-25-2010, 04:04 PM

notice that gold broke $1300 when he did that... what do you want to bet that Soros already owns alot of gold. I think you are reading too much into this.

Barry-xlovecam · 09-25-2010, 04:07 PM

Yes, maybe George Soros' gold investments are part of the inflated price of gold?

ManufacturingMan · 09-25-2010, 04:10 PM

Quote:

Originally Posted by Barry-xlovecam

Yes, maybe George Soros' gold investments are part of the inflated price of gold?

gold hasn't even started to move higher yet, just wait. You have no idea where its going. UP UP and FUCKING AWAY. In the 1970's 15% of the market was in gold/silver miners. Now its less than 1%. We have a LOOOOOOONG way to go. Stay away from the ETF's, buy physical gold/silver and mining companies (stocks) ONLY! The ETF's will default, read their prospectuses. They have less than 1% real physical gold/silver on hand!

Ethersync · 09-25-2010, 04:12 PM

Quote:

Originally Posted by IllTestYourGirls

Anyone else see this as a very bad sign?

Depends. Own gold?

Mr. Cool Ice · 09-25-2010, 04:12 PM

Gold! Gold! Gold!

Been telling you guys for a while.

The Demon · 09-25-2010, 04:15 PM

I've been a gold bug for years. The market should have collapsed a while ago. Once we hit hyperinflation, gold will hit 5k.

fatfoo · 09-25-2010, 06:11 PM

It is sure unfortunate when an investment fails.

09-25-2010, 01:04 PM	#1
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,678	Obama's puppet master loses faith in his puppet George Soros Dumps U.S. Stocks ? Dives Into Gold The legendary investor?s Soros Fund Management ? which has approximately $25bn (£16bn) under management ? reduced its equity investments by 42pc to $5.1bn by the end of June, down from $8.8bn at the end of March. The asset allocation decisions were made during a period in which the Standard & Poor?s 500 index ? the broadest US equity index ? fell 12pc. The fact that Mr Soros ? best known as the man reputed to have made $1bn by ?breaking the Bank of England? during the 1992 fiscal crisis ? has decided to make such a concerted shift out of equities will send a clear message to other investors. Gone are Soros?s investments in Petrobras, Brazil?s oil giant, with investments in bellwether stocks such as Wal-Mart, JP Morgan Chase and Pfizer drastically reduced, cut by 99pc, 97pc and 95pc respectively. Of those equities that do remain, the fund?s holding in a gold exchange traded fund constitutes his largest investment, some 13pc of the equity portfolio, worth $638m. Although neither Mr Soros of his fund typically do not explain their quarterly investment decisions, it is likely some of the money has been shifted into government bonds, as well as investing in commodities and other safe havens. The quarterly report ? filed with the US Securities and Exchange Commission ? details investments only in US-traded shares and related derivatives, and the fund does not have to detail overseas shares or cash or commodities held. A spokesman for Mr Soros did not comment. http://www.firetown.com/blog/2010/08...ves-into-gold/ __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

09-25-2010, 03:25 PM	#2
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Anyone else see this as a very bad sign? __________________

09-25-2010, 04:02 PM	#4
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	I told you guys. __________________ Greed is Good

09-25-2010, 04:04 PM	#5
ManufacturingMan Confirmed User Join Date: Nov 2003 Location: Midwest Posts: 518	Been buying numismatic coins and gold/silver mining company stock for 8+ years. Anyone who hasn't is a blind fuck __________________ All domains must sell, email me to make a deal. I'll entertain all reasonable offers. EMAIL: [email protected]

09-25-2010, 04:12 PM	#10
Mr. Cool Ice Confirmed User Industry Role: Join Date: Aug 2006 Posts: 1,289	Gold! Gold! Gold! Been telling you guys for a while. __________________ One Love NUR COOL UND GEIL

09-25-2010, 04:04 PM	#6
nation-x Confirmed User Industry Role: Join Date: Mar 2004 Location: Rock Hill, SC Posts: 5,370	notice that gold broke $1300 when he did that... what do you want to bet that Soros already owns alot of gold. I think you are reading too much into this.

09-25-2010, 04:07 PM	#7
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Yes, maybe George Soros' gold investments are part of the inflated price of gold?

09-25-2010, 04:15 PM	#11
The Demon Confirmed User Industry Role: Join Date: Apr 2003 Posts: 7,336	I've been a gold bug for years. The market should have collapsed a while ago. Once we hit hyperinflation, gold will hit 5k. __________________ Greed is Good

09-25-2010, 06:11 PM	#12
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	It is sure unfortunate when an investment fails. __________________ Send me an email: [email protected]