Saw this on Yahoo finance
Any ideas why George Soros is dumping gold?
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.
Looks like he's dumping his paper gold holdings, not physical.
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.
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?
@ Dr. G. I think that your instincts are correct. Pretty sure this was the case about 3 months ago and was documented on ZH.
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.
I think a reference to Occam's Razor is in order here. Soros placed his bet and he was flat out wrong.