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May 18, 2016

George Soros Takes Massive Gold Position

What is going on behind the scenes? Does the financial elite know something that the rest of the general public does not? Do they know that a system collapse is just over the horizon? 

It would appear so, for something has them running for the doors, scared and worried. As we reported on last week, key smart money players have been getting out of the general stock market, taking on massive short positions.

One such legendary investor that has taken on a giant short position is Carl Icahn, who has turned completely and utterly bearish on the global economy.

He is not alone - not at all. Another massive investor, George Soros, who is openly known as one of the key elite players and financial experts in the world, has joined the ranks of those fearing the worst.
Soros Fund Management, the family office of George Soros, has slashed its overall equity holdings by 25%. That's down to just $4.5 billion, a far cry from where we have seen it in the past and the lowest position that we have seen this fund take since 2013.
This should not come as a shock to anyone, as Soros has been openly talking about the risk that he sees in the world, highlighting the unfolding drama that China is facing. He has even gone as far as to compare the debt situation there to what was seen before the 2007-2008 crisis erupted.

What is shocking is what Soros has moved his funds into. Taking a large position in Barrick Gold, making it his fund's largest US holding, he is showing that he believes gold to be a solid bet in these times of uncertainty. We couldn't agree more.

Of course, this is not the only example, as anyone who follows this blog would know. The Western world is in no better of a situation and the proliferation of fiat money is the only thing keeping this Ponzi scheme afloat.

Unfortunately for the unknowing masses, who have prepared not in the least bit, this can only go on for so long. A disaster of epic proportions is brewing behind the scenes.

The "smart" money is joining the ranks of the "tin foil" hat wearers and once again verifying that we have been right all along. The situation the world finds itself in is not one of growth and prosperity, but one of uncertainty and doubt. All we need now is a spark.

About the Author: Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.
Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.
In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world.
He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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