Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Buying a Custom Built Gaming PC From Overclockers.co.uk - 1. Delivery and Unboxing - 17th Feb 20
BAIDU (BIDU) Illustrates Why You Should NOT Invest in Chinese Stocks - 17th Feb 20
Financial Markets News Report: February 17, 2020 - February 21, 2020 - 17th Feb 20
NVIDIA (NVDA) GPU King For AI Mega-trend Tech Stocks Investing 2020 - 17th Feb 20
Stock Market Bubble - No One Gets Out Of Here Alive! - 17th Feb 20
British Pound GBP Trend Forecast 2020 - 16th Feb 20
SAMSUNG AI Mega-trend Tech Stocks Investing 2020 - 16th Feb 20
Ignore the Polls, the Markets Have Already Told You Who Wins in 2020 - 16th Feb 20
UK Coronavirus COVID-19 Pandemic WARNING! Sheffield, Manchester, Birmingham Outbreaks Probable - 16th Feb 20
iShares Nasdaq Biotechnology ETF IBB AI Mega-trend Tech Stocks Investing 2020 - 15th Feb 20
Gold Stocks Still Stalled - 15th Feb 20
Is The Technology Stocks Sector Setting Up For A Crash? - 15th Feb 20
UK Calm Before Corona Virus Storm - Infections Forecast into End March 2020 - 15th Feb 20
The Growing Weaponization of Space - 14th Feb 20
Will the 2020s Be Good or Bad for the Gold Market? - 14th Feb 20
Predictive Modeling Suggests Gold Price Will Break Above $1650 Within 15~30 Days - 14th Feb 20
UK Coronavirus COVID-19 Infections and Deaths Trend Forecast 2020 - 14th Feb 20
Coronavirus, Powell and Gold - 14th Feb 20
How the Corona Virus is Affecting Global Stock Markets - 14th Feb 20
British Pound GBP Trend and Elliott Wave Analysis - 13th Feb 20
Owning and Driving a Land Rover Discovery Sport in 2020 - 2 YEAR Review - 13th Feb 20
Shipping Rates Plunge, Commodities and Stocks May Follow - 13th Feb 20
Powell says Fed will aggressively use QE to fight next recession - 13th Feb 20
PALLADIUM - THIS Is What a Run on the Bank for Precious Metals Looks Like… - 13th Feb 20
Bitcoin: "Is it too late to get in?" Get Answers Now - 13th Feb 20
China Coronavirus Infections Soar by 1/3rd to 60,000, Deaths Jump to 1,367 - 13th Feb 20
Crude Oil Price Action – Like a Coiled Spring Already? - 13th Feb 20
China Under Reporting Coronavirus COVID-19 Infections, Africa and South America Hidden Outbreaks - 12th Feb 20
Will USD X Decline About to Trigger Precious Metals Rally - 12th Feb 20
Copper Market is a Coiled Spring - 12th Feb 20
Dow Theory Stock Market Warning from the Utilities Index - 12th Feb 20
How to Get Virgin Media Engineers to FIX Hub 3.0 Problems and NOT BS Customers - 12th Feb 20
China Under Reporting Coronavirus COVID-19 Infections by 66% Due to Capacity Constraints - 12th Feb 20
Is Coronavirus the Black Swan That Takes Gold To-Da-Moon? - 12th Feb 20
Stock Market 2020 – A Close Look At What To Expect - 12th Feb 20
IBM AI Mega-trend Tech Stocks Investing 2020 - 11th Feb 20
The US Dollar’s Subtle Message for Gold - 11th Feb 20
What All To Do Before Opening A Bank Account For Your Business - 11th Feb 20
How and When to Enter Day Trades & Swing Trade For Maximum Gains - 11th Feb 20
The Great Stock Market Dichotomy - 11th Feb 20
Stock Market Sector Rotation Should Peak Within 60+ Days – Part II - 11th Feb 20
CoronaVirus Pandemic Stocks Bear Market Risk 2020? - Video - 11th Feb 20

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Another Billionaire Goes All In On The “Barbarous Relic” Gold While Mainstream Media Remains Silent

Commodities / Gold and Silver 2016 Aug 21, 2016 - 05:35 PM GMT

By: Jeff_Berwick

Commodities

Billionaire Crispin Odey recently released a management letter to his hedge fund clients praising gold and explaining gold products constituted the next, great investment wave.

He is yet another in a wave of billionaires who have all, suddenly, been moving massive portions of their portfolio into gold… with one of the latest being George Soros, who moved a significant amount of his portfolio into gold just a few months ago.


It is quite likely that both of these individuals are familiar with TDV’s Shemitah and Jubilee Year analysis. That’s not to say they read TDV (of course they may – and should), but they understand the larger, secretive events associated with these occult timelines. That may be in fact one reason why Soros and other billionaires have been acting this year to realize gold positions. And why Odey, too, has now moved in that direction.

The two men move in the same, elitist circles. Soros provided Odey with his first large investment stake, reportedly of some $150 million, when Odey set up his initial hedge fund in the early ’90s. And Odey was briefly married to a daughter of Rupert Murdoch and is now married  to Nichola Pease who is reportedly related to one of the founding families of Barclays Bank.

Odey has now taken a significant position in Kinross Gold Corporation, purchasing 15.5 million shares of the Canadian gold-mining company, valued at $75.7 million on June 30. But it is his recent management letter where he speaks about gold historically that should get your attention:

In a world where $13 trillion of bonds are negative yielding, where $4 trillion of investments are in ETF’s, is it wise that only $1.5 trillion of savings are invested to protect investors against a change in the weather?

And more:

If we are at the limits of QE and financial repression, central banks, in the developed world, are at least doing a very good job at printing money. Every chance is taken to push some money printing through.

Carney was quick to take advantage of Brexit to keep up with his fellow central bankers.   And this is where gold comes in. Gold was the original currency. It came out of distrust of governments and was chosen because it could not be manufactured at will.

Today there are around 300,000 tons of gold extant and each year around 2,700 tons are mined, or less than 1% of the stock of gold.

… Today, world GNP stands at $75 trillion and world money supply stands at around $83 trillion – some ten times its level at the start of the millennium.

The inference here is clear. A lot less gold is being produced than paper money. And Odey anticipates that eventually the “price” of gold against paper money will be massively revalued upwards.

There’s not enough gold and too much paper. Simple enough, supply and demand. Odey is reportedly “massively levered to an upside in gold paper futures.” Presumably Odey believes the “repricing” of gold is going to happen sooner rather than later.

His fellow billionaire George Soros – whom we have reported on before regarding gold – also remains a gold bull. But unlike Odey, Soros has taken profits on his Barrick gold shares as revealed In a recent quarterly 13-F filing.  Although, it should be noted, that Soros is a trader… he could be in and out of certain stocks in the time it took us to write this.

Soros and other important gold bulls have been profiled by TDV as they have announced their conviction that the yellow metal – and surely silver, too – are the most promising investments going forward.

You might question these sentiments given that the market is continuing to rally and recently made a “triple high.” But as we’ve pointed out, Jubilee 2016 is a “building year” for those in elite circles seeking “chaos” to propel globalism forward. There are plenty of disasters being prepared. And soon enough they will detonate.

Soros, like other billionaires we’ve profiled obviously continues to believe that longterm markets are going down not up, and perhaps down in a tremendous crash. We’ve anticipated these upcoming market disasters just as Odey, Soros and other top investors have. It pains us to be in the company of Soros who is responsible for a good deal of the mischief in the world, but he is also a Grade A investor, probably because he has so many sources of inside information.

Of course our source of insider information comes from the Shemitah and Jubilee timelines. And our famous Senior Analyst Ed Bugos is well aware of the information we’ve extracted from those timelines after the work we’ve done to establish historical patterns. It’s one reason among many that Ed has propelled our TDV portfolio up some 200 percent in the last year and his individual stock picks have been rising quickly, with his most recent stock pick to Premium subscribers haven risen 200% since he issued it at the beginning of May (and still considers it a buy with up to 1,000% potential).

Throughout the past months we’ve covered announcements by numerous billionaires about an upcoming stock crash and the necessity for for hedging and metals protection. Our research prepared us for this day long ago. But there is much more ahead that will make today’s environment seem positively tranquil.

We`re getting ready for all that there is to come, and I hope you are too. I would suggest you subscribe to our TDV newsletter HERE to get the “secret” perspectives offered to us as a result of our Jubilee analysis. You won’t find them anywhere else and they can provide you with significant, additional value as we face the formidable challenges ahead of us.

Tomorrow, we’ll tell you about another billionaire (in fact, he is quite likely a trillionaire and the richest man on Earth) who has also just shifted into gold in the final clarion call for what is to come!

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2016 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules