Why did George Soros dump his gold holdings?

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#1 Tue, Aug 16, 2011 - 12:33pm
coloane
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Why did George Soros dump his gold holdings?

Edited by: coloane on Nov 8, 2014 - 5:31am
Tue, Aug 16, 2011 - 1:27pm
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.

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Tue, Aug 16, 2011 - 2:30pm
thecoloredsky
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Looks like he's dumping his

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

Tue, Aug 16, 2011 - 4:28pm (Reply to #3)
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.

Wed, Aug 17, 2011 - 2:20pm
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?

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Wed, Aug 17, 2011 - 2:28pm
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.

Wed, Aug 17, 2011 - 2:55pm (Reply to #6)
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.

Mon, Aug 22, 2011 - 2:57pm (Reply to #7)
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.

Before Enlightenment - Chop wood, carry water. After Enlightenment - Chop wood, carry water. ~ Zen Buddhist Proverb