OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Was it a yr or 2 ago we heard talk of Soros buying gold?-and it went nowhere…or did it go down-here’s the latest=

Posted by Richard640 @ 19:51 on August 19, 2014  

George knows! Do you?

This past week we saw the hedge fund industry release their 13F filings which showed their holdings as of June 30th. The most famous and arguably the most successful hedge fund manager is George Soros. If you know about George Soros, you may or may not like his politics or his beliefs, I personally don’t. No matter what you think of the man, he does know how to make money on large outsized moves which have a tendency to happen in very compressed timeframes.

Going back to 1992, Mr. Soros made a very outsized bet against the British pound. He levered into a $10 billion short position and “won”. It has been said that “he broke the Bank of England” when they were forced to devalue. Soros made $1 billion on this adventure.

The latest 13F holdings report showed that Soros nearly doubled his short position betting heavily against U.S. equities. He also holds a large position in the ETF GLD and has outsized option positions betting on junior miners so it’s apparent he believes in the merit of gold. Is he right? Does he “know” something that we don’t know? He is positioned for a crash and will profit when one occurs. To answer the question, I believe yes, he probably does “know” for a fact what is coming to pass. He has the ability to speak with presidents, prime ministers and central bankers at will. Has he been told that the banking or financial system is already upside down or that a war is going to take place? My guess is probably yes, he knows and has been advised. Even if this is not the case, the man is smart and can see for himself…just as we can.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.