Soros Dumps Gold, Inciting Fear of Plummeting Price

"George Soros, the hedge fund investor who called gold "the ultimate bubble," has divested his portfolio of nearly its entire investment in the precious metal, inciting many to fear that the price will very soon plummet, devaluing the specie-heavy portfolios of millions of investors.

Like it or not, like him or not, attention must be paid to his movements. It can be very expensive to ignore the predictions of Soros. For example, on September 16, 1992 (a date subsequently known as “Black Wednesday”), one of the investment funds of Soros sold short more than $10 billion worth of pounds sterling, profiting from the British government's reluctance to adjust its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries."

"A worldwide devaluation of gold could create a ripple of financial insecurity. For example, gold is viewed by a majority of the world as a very safe and trustworthy investment, one that only increases in value. This sort of reasoned speculation has undoubtedly fueled the bullish ballooning of the price per ounce of the metal.
If the actions of Soros and other global power brokers have the effect of devaluing gold, then the legitimacy and appeal of the call of many to return to a gold standard for the value of paper currency or to abolish the Federal Reserve (and other similar central banks around the world) and its money-printing carte blanche, will be similarly devalued."
http://thenewamerican.com/economy/markets-mainmenu-45/8495-soros-dumps-gold-inciting-fear-of-plummeting-price

My View - Take it or leave it.

Seems this now is playing out for the SDRs. I mean a really fast quick SDR implementation. One can almost hear what the ECB and The FED are yelling - We need the $100 trillion NOW, and China seems anxious as well pushing to implement this new order. But I do believe that as an absoulte prerequisit in order to even be able to implement this new SDR structure gold needs to be "nutralised". This as every competing currency out there will jeopardise any such attemt and most certainly in its very early introductionary phase.
http://intheendwerealldebt.blogspot.com/2011/08/debt-here-debt-there-debt-everywhere.html