SOROS: Gold Has Been Destroyed As A Safe Haven!!!

LOL, at the old cheater.

There are no safe havens anymore.

There's a new interview with George Soros out in the popular Hong Kong newspaper the South China Morning Post.

A lot of the interview is about the Chinese development model, Chinese stocks, real estate, etc.

There's also an interesting section about gold.

Q: What is your view on gold?

A: That’s a complicated question. It has disappointed the public, because it is meant to be the ultimate safe haven. But when the euro was close to collapsing in the last year, actually gold went down, because if people needed to sell something, they could sell gold. Therefore they sold gold. So gold went down together with everything else.

Gold was destroyed as a safe haven, proved to be unsafe. Because of the disappointment, most people are reducing their holdings of gold. But the central banks will continue to buy them, so I don’t expect gold to go down. If you have the prospect of a crisis, you will have occasional flurries or jumps. So gold is very volatile on a day-to-day basis, no trend on a longer-term basis.

This explanation for gold's weakness isn't one that we've heard before (most explanations involve the lack of volatility and the increase in US real interest rates).

That being said, his point about how gold is not a safe-haven is spot on. During overall weakness, when central banks are trying to push down real interest rates, gold seems to benefit. But in a real panic, people sell gold to raise cash.


Read more: [link to www.businessinsider.com]

Bet a dollar that in weeks or months he'll buy up millions of dollars worth of gold.

Last Edited by Unixlike on 04/07/2013 07:31 AM

And that´s why BRICS hoarding it, right?

This reminds me of Goofy for God's thread on wheat.

It's all in "The Book"

Yes, the West is programed well, to be zombies.

As long as it means that I don't have to hear any more gold and silver commercials on TV... works for me.

Bull Shit. it's still good. I'll take all the gold he doesn't want.

maybe that's what they want you to think?

Bingo

So called "experts" all have an angle to increase profits....I am not an expert. However, if gold prices decrease; I will purchase MORE. I view gold as "calamity insurance". Say what they will; gold and silver have intrinsic value.

When is this old toad just going to die and leave the world alone?

Soros is the king of manipulators.Words that spilled from his snake tongue cannot be trusted.

He says gold has been destroyed as a safe haven?Then its the exact opposite

yes i tend to agree... no one can trust him!

SELL, SELL , SELL !

ONLY Rockefeller, J.P. Moran, Goldman Sucks and Soros are buying.

Hurry; HURRY ! Unload BEFORE the price goes up with Hyperinflation/crash of the dollar !

Eagle

Soros sells his paper and everyone says he sold his Gold.

This is one fucked up world. Who would believe anything that man says ?


anyone?

Sounds like talk the price down to flush the suckers out to me.

elsabiades HAS the right idea, above.

Ask yourself..... IF gold is no longer a 'safe haven' WHAT LOSER IS BUYING IT?

[link to visual.ly]

1910 $20.67
1940 $34.50
1970 $38.90
1980 $594.90
1990 $386.20
2000 $272.65
2010 $1420.25
2012 $1929.73
today $1582.30

what a liar.

yes, because their slavemasters at first place came here for gold

and now they think and feel how sht gonna hit THEM

and now they think offering gold to their slavemaster will somehow ''save them '' ahhaahahaha

GO ON..

only feel sorry for all those humans, misled after those parasite creatures..

because for dofference 99% HUMMANS STILL CHEW ( EAT )..

well good luck chewing HARD METALS ( because we all already chew SOFT METALS IN OUR FOODS ) - thanks to who ? chem-pilots..

and its all a big nice picture, wish you fun chewing silver too

Yah the Rothschilds have built underground bunkers to store their but everyone else should sell it...

Forget about the fact that a well organized entity is actively stealing gold bars and replacing them with tungsten coated fakes.

Don't believe a word this bastard says. He's a NWO shill. If Gold/Silver is such a horrible investment WHY are China and Indiana (and everyone else) scooping it up like crazy?? I say "horseshit" to this prick.

If Soros is saying it's a bad investment that means he's buying. This old bastard needs to do this country a favor and drop dead.

people will believe this bs, sell theirs so soros et al can buy more

Believe a father of lies, is so very good for you.

let me guess. He works for the other side..lol

That's such BS. Yes gold was no longer a "safe haven" the minute we went off the gold standard. No more guaranteed price for gold.

But is gold a good investment? Just ask Brazil, India, China, & Russia.

Also see here Jim Sinclair's take on things:

[link to kingworldnews.com]

Summing it up:

"What people around the world need to understand is that the US government and the Federal Reserve will continue their active manipulation of gold, only this time it will be to the upside.”

Business Insider‏@businessinsider58 s
Everybody Will Be Watching A Report Next Week To See If The Economy Is Really Going To Crap Again [link to read.bi]