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08-18-2012, 01:29 PM
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#1
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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SOROS UNLOADS STOCKS, BUYS GOLD
Soro's recently sold all of his equity positions in major financial stocks and bought $130 million in gold...a harbinger of what may becoming?
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08-18-2012, 01:34 PM
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#2
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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The collapse is coming. People like Soros who know, and help plan these things, will make out like bandits.
Regular folk? We're fucked.
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08-18-2012, 01:51 PM
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#3
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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not that surprising on the eve of a presidential election
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08-18-2012, 02:16 PM
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#4
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The FOX Hunter
Join Date: Jan 30, 2012
Location: Houston, TX but do travel on business
Posts: 4,841
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He knows something terrible is coming, I will be staying away from the market too.
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08-18-2012, 02:33 PM
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#5
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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130 million to Soros is chump change....
Much ado about nothing folks, move along.
Another crazy Whirly alert!
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08-18-2012, 02:47 PM
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#6
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Quote:
Originally Posted by WTF
130 million to Soros is chump change....
Much ado about nothing folks, move along.
Another crazy Whirly alert!
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I instantly thought ...
damn Goerge sold the kids college portfolio ...
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08-18-2012, 04:38 PM
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#7
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Valued Poster
Join Date: Oct 4, 2011
Location: ,
Posts: 441
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So whoever sold him the gold, what to they do with the 130 million dollars?
If gold is better than dollars, why would you ever swap your gold for dollars?
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08-18-2012, 04:40 PM
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#8
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Valued Poster
Join Date: Feb 9, 2010
Location: Here
Posts: 14,191
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Quote:
Originally Posted by Submodo
So whoever sold him the gold, what to they do with the 130 million dollars?
If gold is better than dollars, why would you ever swap your gold for dollars?
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ever tried to pass a gold brick at the grocery store?
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08-18-2012, 05:17 PM
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#9
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Lifetime Premium Access
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
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Had no DL for a year...every time I heard a siren, I'd have to check my pants
Quote:
Originally Posted by CJ7
ever tried to pass a gold brick at the grocery store?
![Grin](https://cdn-w.eccie.net/images/smilies/modern/grin.gif)
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I almost shit a gold brick a couple of times but not at the grocery store
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08-18-2012, 06:40 PM
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#10
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Valued Poster
Join Date: Mar 10, 2010
Location: Houston
Posts: 5,740
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Quote:
Originally Posted by TheAntichrist666
He knows something terrible is coming, I will be staying away from the market too.
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He must think Obama is going to win. What could be more terrible?
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08-18-2012, 07:34 PM
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#11
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Valued Poster
Join Date: Oct 4, 2011
Location: ,
Posts: 441
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So whoever sold the gold, sees Soros buying it, and knows that Soros is very smart, but yet they still trade their gold to him for dollars?
Seems like if they knew Soros wanted it, they would recognize that as a signal of its high value, and held onto it.
Just trying to understand the gold sellers. Always saying the dollar is a bad thing, but always willing to trade their gold for dollars.
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08-18-2012, 08:49 PM
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#12
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Valued Poster
Join Date: Jun 12, 2011
Location: Olathe
Posts: 16,815
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Maybe this is the endgame. You think 130 million dollars is nothing to Soros but what happens when the dollar is worthless and that gold is worth 600 million dollars. Like they say, the one-eyed man is king in the valley of the blind. Soros will be god when everyone else has nothing. He said that he enjoys playing with society. It makes him feel like god.
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08-18-2012, 09:35 PM
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#13
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Valued Poster
Join Date: Aug 22, 2011
Location: Metroplex USA, Europe and Asia
Posts: 1,474
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As a retired (and resurrected) ibanker for JPM in NYC, London and Hong Kong, for 20+ yrs, nothing surprises me.... the dollar will continue to be a safe haven and when Israel bombs the Iranian nuclear facilities, funds will coming running to treasuries and corp bonds..... gold will go up and he will ride the wave and then dump it to lock in profits
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08-19-2012, 04:39 AM
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#14
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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To buy more gold at a cheaper price?
Or to buy a gold mine?
Or to buy an ammo factory?
Or to buy all of the above?
Doubtful Soros bought gold directly from one seller, or that Seller (s) knew Soros was buyer.
Depends on the level of profit the seller made I would think.
Note that the OP clearly stated Soto's dumped financial holdings...
Doubtful he bought any of Obama 's junk GM, Soros is smarter than that.
[/B]QUOTE=Submodo;3079362]So whoever sold the gold, sees Soros buying it, and knows that Soros is very smart, but yet they still trade their gold to him for dollars?
Seems like if they knew Soros wanted it, they would recognize that as a signal of its high value, and held onto it.
Just trying to understand the gold sellers. Always saying the dollar is a bad thing, but always willing to trade their gold for dollars.[/QUOTE]
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08-19-2012, 12:26 PM
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#15
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Valued Poster
Join Date: Jan 7, 2010
Location: two steps ahead of the posse.
Posts: 5,356
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Gold Bullion
Gold bullion is inconvenient as hell to move.
. . . Every time I try to carry gold bullion to a store, it always tears my pockets!
Quote:
Originally Posted by CJ7
ever tried to pass a gold brick at the grocery store?
![Grin](https://cdn-w.eccie.net/images/smilies/modern/grin.gif)
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![Like](/images/like.png) | 1 user liked this post
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