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#1 2012-05-22 01:26:08

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 3,927
Trades :   30 

Soros' Fund increases gold holding

http://www.foxbusiness.com/markets/2012 … ake-in-q1/

Despite once calling gold the "ultimate bubble," George Soros' hedge fund nearly quadrupled its exposure to the SPDR Gold Trust from 85,450 shares in the fourth-quarter to 319,550 shares in the first-quarter. Soros Fund Management also opened a new position through call options in Newmont Mining (NYSE:NEM), one of the world's largest gold producers.

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#2 2012-05-22 01:31:21

Aengrod
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From: Thingamajigland
Registered: 2011-01-24
Posts: 893
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Re: Soros' Fund increases gold holding

lol put your money where your mouth is mister soros?

This shouldnt be a surprise for us stackers we are informed and rather intelligent bunch wink

Last edited by Aengrod (2012-05-22 01:31:41)


"Tolerance and apathy are the last virtues of a dying society" - Aristotle
Annoy a Liberal ...
Use Facts and Logic!

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#3 2012-05-22 01:39:15

JulieW
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From: Australia
Registered: 2010-10-14
Posts: 3,927
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Re: Soros' Fund increases gold holding

I think it shows that despite all the negativity against gold, the people who actually know what's going on are not hesitating.

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#4 2012-05-22 11:16:37

Willow
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From: Sydney
Registered: 2010-11-28
Posts: 423
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Re: Soros' Fund increases gold holding

mmmmmm,,, nice warm humble pie anybody?


X Do your own research and then you own your decisions.

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#5 2012-06-02 18:28:36

TeaPot&ChopSticks
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From: Down Under
Registered: 2012-04-17
Posts: 174
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Re: Soros' Fund increases gold holding

Julie W - when Soros' buys you just gotta.

Forgot to ask - where did you learn about Soros?

Me, Glenn Beck on Foxtel - Foxnews. The Glenn Beck show was one of the two I watched on that channel, the other was Freedom Watch.

Last edited by TeaPot&ChopSticks (2012-06-02 19:02:43)

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#6 2012-06-02 18:38:57

Silverthorn
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Registered: 2010-04-29
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Re: Soros' Fund increases gold holding

I suspect he said something like will be the ultimate bubble.

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#7 2012-06-03 00:47:28

doomsday surprise
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From: El Dorado
Registered: 2011-12-15
Posts: 684
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Re: Soros' Fund increases gold holding

TeaPot&ChopSticks wrote:

Julie W - when Soros' buys you just gotta.

Forgot to ask - where did you learn about Soros?

Me, Glenn Beck on Foxtel - Foxnews. The Glenn Beck show was one of the two I watched on that channel, the other was Freedom Watch.

Did you watch Glenn Beck for the comedy value?

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#8 2012-06-03 02:59:02

JulieW
Silver Stacker
From: Australia
Registered: 2010-10-14
Posts: 3,927
Trades :   30 

Re: Soros' Fund increases gold holding

TeaPot&ChopSticks wrote:

Julie W - when Soros' buys you just gotta.

Forgot to ask - where did you learn about Soros?

I can't actually remember but I've been paranoid since long before I ever needed to be, and every time I came across a character that moved and shook the world like Soros did, I did some research so that I could hopefully 'second guess' the world by watching their actions. A lot of people hate Soros, but I respect him as much as I can respect anyone that is richer than I'd bother counting before I retired. lol

He was partners with Jim Rogers who seems like your favourite uncle when you see him on the broadcasts with his dinky bowtie and respectful manner, but like Soros (who looks like a member of the Politburo) I'm sure that, as the quote goes in Prizzi's Honor - he'd rather eat his children than lose money, and he's very fond of his children. The did untold damage to England with their currency game, but I don't think it was a conspiracy. Just smart and lucky. Apparently Bill Gross is losing on his bet on Japan. Maybe he's smart and not so lucky. I'm sure if Japan imploded and he got richer from it, it would be constructed as part of a plan to bring the changes that a collapsed Japan will have to face. But really it's just the stupid game.

I don't want to start off the world conspiracy thread, but I was thinking about this today.

I'm in one of the more remote - if there is such a thing these days - parts of South East Asia, and there are advertising signs you'd see in Melbourne or London. The local store is now like 7/11 with all the sugary rubbish and bad food choices the west has had for years. Actually what brought this up was when I went to their fridge to get a drink and looked in vain for something that wasn't aerated sugar water. I noticed they didn't have the rows of 'diet colas' and I thought, probably because they haven't had the scare of diabetes and obesity yet. Give them a few years before the diet cola and weight loss clinics arrive. And then I started thinking about whether there was a conspiracy to impoverish people's quality of life, hooking them on consumerism and junk food so that the associated industries could rise and the elites could make all the money and put the whole world into debt and control them.

Then I realised that it was a lot simpler than that. Marketing and business are not very imaginative. They do what other people have shown works and makes you rich. The number of innovators is tiny. The number of followers is massive. Whoever was littering my revisit asia experience with empty plastic bottles and bags and putting refined Western style foods in the restaurants, (bread and milk in Asia!!?) is just interested in making money and all down the chain it's the same. The person who buys the 7/11 franchise stocks the rubbish because it has a good margin. I remember when I was a child how enthusiastic we were when flavoured milk arrived. The milkbar owner loved it because that grabbed our pocket money. Nothing wrong with sugar, chemicals, homogenised milk and plastic particles in a child's diet.

I've noticed over the years that a lot of people don't examine their lives and actions very closely. The just roll along. So maybe everyone 'rolling along' has resulted in the version of the world we have at the moment. The last time I was in this part of the world was almost 40 years ago, and it was pristine and exquisite, with laughing people. Dirt poor and an average life expectancy in the 30's, but there was a 'joie de vivre'.(and I'm not being romantic about impoverished third world countries!). Now everyone has their head in an iphone copy, or they sit vacantly staring at the local versions of 'Days of our Lives', all with the same stereotypes and role models copied without irony. I looked up the stats also. The life expectancy has not moved much in 40 years. Still around 35 for males. So everyone is 'richer' but it seems to me that lives haven't improved and the quality of life has fallen.

I even wondered if the Indo-Chinese wars were part of this plan; that the incredible war crimes of Nixon and Kissinger were part of a plot to destroy the Indo-Chinese cultures and ensure that VietOil - or whatever it's called- could populate the countrysides with their bowsers feeding endless lines of four wheel drives and hiving off profits to whomever owns them. But I really do think that everyone is just mindlessly repeating the consume, grow prosperous mantra to themselves with everyone just following what we in the west are starting to see as a death dealing template. Everyone is now talking about Burma - Myanmar - as 'the next big thing' and men in suits are trying to 'get in on the ground floor'. I just dread to think what the next wave there will look like once they've sewn up their deals, installed the 7/11's and put in the 3G network. Maybe Aung San Suu Kyi being released is part of the plan. I don't know, but I suspect the plan is just greed.

So long answer to a short question, but I get the strangest looks when I try to discuss this outside of SS. Probably get strange looks anyway - oh not her again - but it clears my head.

thanks for asking!

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#9 2012-06-03 20:35:16

TeaPot&ChopSticks
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From: Down Under
Registered: 2012-04-17
Posts: 174
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Re: Soros' Fund increases gold holding

Talking about glenn beck and comedy value I have to laugh at this saturday night live comedy skit

http://www.youtube.com/watch?v=XGlbRrF_Bas

The dude joined news and entertainment - yes he was fun to watch but he was the one that actually woke me up. I do not engage with the presstitutes. Conspiracy theories be damned the truth is crazy enough. Think for yourself and do your own homework in his words.  I believe Sir Francis Bacon and his wisdom in this quote : Some books are to be tasted, others to be swallowed, and some few to be chewed and digested: that is, some books are to be read only in parts, others to be read, but not curiously, and some few to be read wholly, and with diligence and attention.

I watched him on Fox News but have to say know no other Australians who actually watched him - to paraphrase Ayn Rand we are all zapped in different ways, but we where otherwise we would not be on this website.

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#10 2012-06-04 19:46:53

Ozboy
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From: Australia
Registered: 2010-10-16
Posts: 1,549
Trades :   12 

Re: Soros' Fund increases gold holding

JulieW wrote:

I think it shows that despite all the negativity against gold, the people who actually know what's going on are not hesitating.

I'd add something to this; those that have the power to really influence things are also stacking.


19,999!!!! - prediction, 20,000 by 30/11/12

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