Why did George Soros dump his gold holdings?

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coloane
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Why did George Soros dump his gold holdings?

Saw this on Yahoo finance

http://finance.yahoo.com/news/Paulson-held-onto-gold-in-Q2-rb-2722115798.html?x=0&sec=topStories&pos=8&asset=&ccode=

Any ideas why George Soros is dumping gold?

Edited by admin on 11/08/2014 - 06:31
Dr Durden
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Paper paper, everywhere. I

Paper paper, everywhere. I bet ol George's designer suits are lined with freshly printed fait paper. He just loves the smell of money. Last I checked, physical gold is orderless ...probably why he don't got none. 

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thecoloredsky
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Looks like he's dumping his

Looks like he's dumping his paper gold holdings, not physical.

jackmeoff
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Paper

All I saw was the same thing. They dumped GLD. If I had to guess they are going into physical or there may be a problem with the GLD/SLV funds sooner than later.

Dr Durden
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Think outside the box here,

Think outside the box here, too. Maybe he's telegraphing that GLD is naked and he's getting out before it goes poof?

Maybe he's selling paper and actually buying physical off the books?

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maravich44
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Soros.

@ Dr. G.  I think that your instincts are correct. Pretty sure this was the case about 3 months ago and was documented on ZH.

Desert Fox
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Time to get out of the sandbox!

The Big Boys are more likely to know when the GLD and SLV trades aren't safe anymore or won't be in the near future.

Better to take the play money off the table and get the real thing!

Soros may be the devil but he isn't crazy.

Elijah Craig 18
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He's not infallible

I think a reference to Occam's Razor is in order here. Soros placed his bet and he was flat out wrong.

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