Soros buys stake in Wal-Mart Stores..Adds to SPDR Gold

The $25 billion Soros Fund Management LLC added a new position in Wal-Mart Stores Inc. in the second quarter and increased its holding in a gold fund, according to a regulatory filing.

The family office for billionaire George Soros added 4.8 million shares in the world’s largest retailer, valued at $337 million as of June 30, according to the filing today with the U.S. Securities and Exchange Commission. The Bentonville, Arkansas-based Wal-Mart is now Soros’s largest U.S. stock holding, according to data compiled by Bloomberg.

Soros, based in New York, also added 564,850 shares of the SPDR Gold Trust (GLD), bringing the number of shares it owns to 884,400. The SPDR Gold Trust, with $65 billion in assets, is the biggest exchange-traded product backed by gold.

Michael Vachon, a spokesman for Soros, declined to comment.


interesting in regards to walmart..but watch his gold purchases..thats the one to follow..


~ by seeker401 on August 18, 2012.

12 Responses to “Soros buys stake in Wal-Mart Stores..Adds to SPDR Gold”

  1. This is an attempt by Soros to decieve people from investing in physical gold, anyone who follows Soro’s by investing in SPDR Gold Trust ( GLD )
    will be left holding a piece of paper with no gold to back it up. when everyone begins demanding physical and Walmart may be the only surviving business in the US.

    Is the Gold ETF (GLD) Right For You?

    by James Turk
    Copyright © 2009 by James Turk. All rights reserved
    The exchange-traded fund for gold (NYSE:GLD) has been described as a convenient way to buy and sell gold bullion. Consequently, GLD has been heralded as a major breakthrough for gold buyers, but is it?…
    GLD presents its financial statement in 10-K reports filed with the Securities & Exchange Commission, and these are revealing. GLD’s balance sheet states its major asset to be: “Investment in Gold”. It does not say just: “Gold”. This classification declaring GLD’s asset to be an investment in gold rather than gold itself provides an easy hurdle to meet for auditing purposes….
    If GLD declared its asset to be “Gold”, it would have to substantiate to its auditor that the gold really exists. The auditor would need to visit each and every vault where gold is stored, which neither the management of GLD nor an auditor can do because of the inability stated in the prospectus to audit or even inspect gold stored in subcustodians and sub-subcustodians.
    Thus, the 10-K clearly re-confirms what others and I have concluded all along – that GLD is just another paper scheme. It should not be considered as an alternative to physical gold ownership because it is not. But we only need logic, and not the 10-K, to tell us that….
    So instead of creating new demand, one should be asking, what would be the impact on the gold price if the $34 billion GLD manages would have been used to purchase physical metal if GLD hadn’t existed? How much higher would the gold price be today if GLD wasn’t launched?
    My point is that without any third-party verification that all of the gold owned by GLD really does exist, GLD is just another paper product offering exposure to the gold price. The prospectus clearly states: “The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses.” The objective is not to provide individuals an alternative way of owning physical metal.
    So do not view GLD as an alternative to physical gold, because it’s not. GLD should be compared to a gold futures contract, not to physical metal.

  2. Soros investment in SPDR Gold Trust makes headline news but not his control of gold mining companies.

    George Soros, Rosia Montana
    Green Hypocrisy’s Gold Standard

    Is billionaire investor George Soros using environmental pressure groups to block a gold-mining project for his own financial benefit?

    Is it possible that Soros is trying to torpedo Gabriel Resources’ project so that one of his own mining interests can take over the Rosia Montana mine?

  3. gold is important for lot’s of staff is atomic value + for later on and back to T esla magnets don’t get affect by gold and for medicine example c olloidal gold but for ‘they’ is esoterica rumors has that J obs was working on atomic gold= a lchemists
    so ‘they’ want to control and leave to the s heeps the paper-gold
    also most of the Sci-fi ET’s come here for the gold lol
    is not more than total 2 or 3 Olympic pools mined of gold in history

  4. IN CASE I’M WRONG lol
    from wiki “At the end of 2009, it was estimated that all the gold ever mined totaled 165,000 tonnes.[2] This can be represented by a cube with an edge length of about 20.28 meters. At $1,600 per ounce, 165,000 metric tonnes of gold would have a value of $8.8 trillion.

  5. Check out GOLD SUPPLY chart …

    Heard the rumour China is buying 6,000 tonnes of gold? It may not be as crazy as it sounds

    • thanks rev

      • The race is on to secure gold below the ground, before the system collapses, after the collapse it is possible all mines will be nationalized and the miners killed at South Africa’s Lonmin Marikana mine is a preview of what union mine workers can expect when they begin working for slave wages.

  6. China eyes African Barrick Gold stake

    China’s state-owned miner, China National Gold, has held preliminary talks to buy a stake in African Barrick Gold (ABG), one of Africa’s largest gold miners.

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