Thursday, 24 October 2024

REPORT: Jeff Bezos Selling ANOTHER $5 Billion In Amazon Stock!


I always say: watch what they DO, not what they SAY….

And what “they” (the Wall Street insiders) are doing is Selling.

BIG LEAGUE.

It was just last year when we told you Jeff Bezos was selling $8.5 billion of Amazon stock:

Insider’s Selling (Part 1): Jeff Bezos Sells $8.5 BILLION of Amazon Stock

I'll republish that entire report down below in case you missed it.

But apparently times are tough and he needs some more "walking around money" because new reports say he is selling ANOTHER $5 billion!

Of course, maybe times aren't tough at all for Bezos....

The man has more money than he could spend in a lifetime.

But perhaps he just knows what is coming?

Perhaps he knows a 1929-level stock market crash is imminent?

What do you think?

Here was our original report from late last year (2023):

Insider's Selling (Part 1): Jeff Bezos Sells $8.5 BILLION of Amazon Stock

As always, never just listen to what they say....watch what they DO!

And just like Nancy Pelosi trading stocks, these insiders rarely lose.

I mean, why would they?

They set the rules, so when it's their game of course they're going to win.

And right now they're all flashing SELL in bright red letters.

Is that because they know it's a market top or close to it?

It makes you wonder.

This is going to be a 3-part series and we're starting with Amazon's Jeff Bezos.

Jeff Bezos isn't really hard up for cash, but he just sold $8.5 BILLION worth of stock -- yes, that's Billion with a B:

Talk about raising some serious cash!

From the BBC:

Multi-billionaire Jeff Bezos has sold another 14 million Amazon shares, worth around $2.4bn (£1.9bn).

The latest sale brings the total number of shares he has sold in the firm over the last nine trading days to about 50 million, with a value of around $8.5bn.

The tech giant had previously said Mr Bezos would sell up to 50 million shares by the end of January 2025.

His sales of Amazon stock comes after they have risen by more than 76% in the past year.

Mr Bezos, who is the firm's founder and executive chair, had previously last sold Amazon shares in 2021.

He has also given away shares in Amazon as part of his philanthropy, most recently in 2022.

As Mr Bezos moved to Miami in Florida from Seattle in Washington last year, he will save almost $600m in tax on the $8.5bn worth of stock he has sold.

Gains above $250,000 from the sale of shares or other long term investments, are taxed at 7% in Washington state. Florida does not have state taxes on incomes or capital gains.

However, he will still be liable to federal taxes as a result of selling the shares.

When Mr Bezos announced his move to Florida it prompted speculation over whether it was because of a potential tax bill he would have faced in Washington after the state approved a new tax on large stock sales.

Mr Bezos said in November that his parents had recently moved back to Miami where he spent some of his childhood and that he wanted to be close to them and to his Blue Origin space project, which was "increasingly shifting to Cape Canaveral".

"Lauren and I love Miami," he wrote on Instagram, referring to his fiancée Lauren Sánchez.

He did it in smaller chunks of $2 billion a piece.

I guess I should put "smaller" in quotes, because 2 Billion of anything isn't really small, is it?

Fox Business had more details on his latest round of selling:

The Amazon founder conducted the latest transactions involving nearly 12 million shares on Friday and Monday. They were disclosed in a Tuesday filing with the Securities and Exchange Commission (SEC).

The stocks amounted to about $2.08 billion.

Amazon informed investors earlier in February that Bezos had taken up a trading plan in November that would involve the sale of a maximum of 50 million shares by Jan. 25 of next year. The latest sales — and another set last week — were tied to that.

Prior to the stock sales disclosed Tuesday, Bezos had parted ways with roughly $2.04 billion worth of Amazon stock, another SEC filing showed.

Bezos, who relocated to Florida from Washington with his fiancée Lauren Sanchez, could see massive tax savings on stock sales in the Sunshine State compared to Washington, where he created the e-commerce giant. While neither state has an income tax, Washington recently implemented a 7% capital gains tax.

As usual, Patrick Bet-David has some of the best analysis out there.

Here's what PBD had to say:

By the way, I don't fault ANYONE for making money....as long as it's done legally and ethically.

And there's nothing to suggest Bezos hasn't done it above board.

So congrats to him!  Fantastic!

My only point is....is this the Market top?  Do people like Bezos tend to sell at the top or the bottom?

Look, I'm not a financial advisor, but if you'd like to get out of stocks and into something SAFER for your retirement, may I suggest that Gold has ALWAYS been God's money?

Gold has never failed, it was money in the Bible and it's still money today.

And a store of value.

If you're looking for safe, grab this free Guide from my friends over at Genesis -- I love what these guys do!

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Thankfully, there’s a new, easy-to-read guidebook that’s opening minds and growing investment accounts.

Genesis Gold is offering a free guide that has everything you need to learn about investing in gold and other precious metals.

In just a short, 12-page read, you’ll learn what clues the Bible gives about man-made money (paper currency). You’ll even learn the three simple steps to investing in metals like gold.

And, you’ll also get a quick tutorial on:

  • Which precious metals are approved by the IRS

  • The different forms of gold, silver and other precious metals - coins, ingots, bars

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    (Note: Thank you for supporting American businesses like the one presenting a sponsored message in this article and working with them through the links in this article which benefit WLTReport. We appreciate your support and the opportunity to tell you about Genesis Gold!  The information provided by WLTReport or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.) 

    RELATED:

    Gold and Silver: "No one wants to sell at these make believe prices"

    I've been telling you for a long time now that Gold and Silver are vastly undervalued.

    I'm not a financial advisor and I can't tell you what to do, but I can look at historical data and I can easily see that the current price of Gold and Silver makes no sense unless....it's being manipulated.

    Now who would want to do that?

    And the more important question: will it go on forever, or do the manipulators eventually release the stretched rubber band and ride an explosion up?

    I've you've been paying attention in life, you know the answer.

    You know these crooks on Wall Street manipulate things down, ⭐ then they load their boats, then they manipulate them up into a bubble.

    Where are we in that process right now for commodities like Gold and Silver?

    Right exactly where I placed that star up above.

    ⭐ = You Are Here

    The Big Boys are loading their boats.

    But that's not just my opinion.

    I'm a nobody.

    Listen to Andy Schectman who is an expert on these things and he lays it out PERFECTLY in two minutes.

    Here's my rough paraphrase:

    "A concerted effort by the very powerful to use the suppression of commodities (gold, silver, but also a long list of all other commodities)...these countries are not complaining about suppressed low prices yet because they're accumulating!  But once it becomes obvious that the availability of these commodities is very scarce and no one wants to sell at these "make believe prices" then the public says "OMG, what have we been missing?"  And maybe that all happens in concert with a breakdown of the banking system, then the public says "give it to me now" and that's when you'll see the circuit breakers be put into affect.  But at that point it's too late."

    Oh my!

    It's so much better to listen to him explain it in his own words.

    It's just 2 minutes long.

    Watch here (as presented by my friend the Digital Asset Investor):

    But it's not just Andy either.

    It's this latest interview over at SGT Report.

    Sean does such a great job over there of interviewing people on topics the MSM doesn't want you to see, and his latest is called "$1,000 Silver -- Seriously, Stop Laughing".

    There's actually a lot of history that goes into that quote and this was a great discussion by four very smart individuals.

    Watch here:

    I've been sounding the alarm for a while now...

    Have you taken action?

    As always, there's one thing I always say and it's never been proven wrong:  Watch what they DO, not what they SAY.

    Who is "they"?

    The same people Andy Schectman was talking about.

    Big Governments.

    Central Banks all over the world.

    Big Business.

    What are they doing?

    They are LOADING THEIR BOATS with as much Gold and Silver as they can find and they're laughing all the way to the bank because they're buying at what Andy says are "make believe prices".

    Are you?

    After the Great Financial Crash of 2008, I made a decision.

    From that point forward, I would simply do what the Big Boys were doing.

    I would simply watch what they're doing and copy it.

    Oh, and if they had Jim Cramer telling people the OPPOSITE (i.e. Cramer says Gold is a loser, but the Central Banks are buying with both fists) that was usually the perfect confirmation I needed.

    So that's been my strategy since 2008 and it's worked very well for me.

    Here's more....

    Here's Why Banks Are Buying Up All of the Gold

    I've got Jordan Peterson and Peter Schiff in a fascinating conversation about the Value of Gold.

    And it's not just some academic debate.

    This could very soon be one of the most important things in your world when the U.S. Dollar crashes and gets its value cut in half....or worse.

    These guys know what they're talking about and this short 8 minute clip is definitely worth your time to watch.

    I always say this: don't listen to what the "Elites" tell you....watch what they are DOING.

    And what are they doing?

    Stacking gold and silver.

    As much as they can get their hands on.

    Look, I hope I'm wrong but I think we're in for a massive event that is going to destroy bank accounts and destroy the U.S. Dollar.

    So what happens to YOU when that happens?

    Watch this and then scroll down for how I can help you stay safe right now....

    Watch:

    For those who can't listen, here's the transcript (and then scroll down for what YOU can do right now!  That's the most important thing!):

    One of the reasons that people are so
    arrogant particularly in America that
    the dollar status is not in jeopardy and
    so that we can keep on running these
    huge deficits we can create keep on
    creating inflation and the world's got
    no choice right but to stick with the
    dollar because are they going to go to
    the euro are they going to go to the Yen
    you know the pound

    I mean they're
    winning B I agree all of those
    currencies also have problems
    and so do you really want to switch from
    one flawed fiat currency to another even
    if those other Fiat currencies may be
    less flawed than the dollar right

    do you really want to make that shift I
    don't think that that's what's going to
    happen what everybody is missing is that
    there is an alternative
    to the dollar that doesn't involve
    another fiat currency and that's gold

    that is real money everybody forgets
    that for thousands of years gold was
    money it was money because it worked now
    over the course of time uh we had paper
    currencies that would rise and fall I
    mean hundreds of years ago they were
    paper currencies that are now worthless
    and you don't even know their names

    you
    know they come and go but gold has has
    stayed you know gold works as money and
    so I think what these central banks are
    going to do is as they get out of
    dollars they will just increase their
    Holdings of gold gold will be the
    monetary anchor gold will be the reserve
    monetary asset just the way it was
    before the dollar it wasn't the British
    pound

    I mean the British pound was a
    dominant currency but gold was what
    everybody owned the British back to
    pounds do you see any do you see any
    evidence that some of these alternate
    currencies are starting to back their
    currency claims with gold oh yeah you
    can what's happening on the central
    banks are now buying more gold than
    they've bought in in in decades

    especially a lot of the uh you know the
    Emerging Market countries not even maybe
    so much the United States isn't buying
    any gold and maybe you know some of the
    more mature uh countries but a lot of
    other countries that had predominantly
    held dollars and then to a lower degree
    Euros or Yen or pounds these countries
    are increasingly buying gold that's why
    gold is at a record high

    I mean Gold's
    around two thousand dollars an ounce but
    in terms of just about every other
    currency on the planet gold has been
    hitting all-time record highs uh and
    again that's not really gold going up
    that's all these Fiat currencies going
    down but what are the reasons that
    countries would want gold as opposed to
    the dollar is the US government doesn't
    have any control over it

    you know gold
    is an asset that's not also somebody
    else's liability and nobody could create
    it you have to mine it no one country
    you know has the advantage so you know
    why would you want to take away
    uh that that privilege that the United
    States has and just bestow it on
    somebody else who is going to abuse it
    the same way

    I mean the United States
    abused that privilege that we had and we
    we we exported all this inflation to the
    world we took advantage of the this the
    position that we were in uh so why would
    you want to put another nation in in a
    position to similarly take advantage of
    the world it's much better to go back to
    to honest money and again

    even when we
    were on Bretton Woods before you know
    1971 and we were on the dollar standard
    it was because the dollar was backed by
    gold again if you held dollars you held
    gold that's where the saying came from
    the dollar is as good as gold in fact
    the legal definition of a dollar is a is
    a weight of gold that's what a dollar is
    dollars are gold the the the paper
    currency that circulated Federal Reserve
    notes are not dollars they are notes of
    the Federal Reserve

    initially the those
    Federal Reserve notes were payable in
    dollars the dollars were the gold that
    the Federal Reserve notes paid because
    if you think about what a note is a note
    is a promise to pay something a Federal
    Reserve Note is supposed to pay
    something well what did it pay it paid
    gold it paid dollars today Federal
    Reserve notes pay nothing their ious
    nothing the Federal Reserve is not
    obligated to give you anything I mean if
    you have a ten dollar bill okay so
    people people might object and they and
    they have

    that well gold is just another arbitrary
    standard of value it has some intrinsic
    worth it's useful for jewelry it's
    useful for certain industrial
    applications but it's just another
    psychologically valuable currency
    without any intrinsic value and so it
    shouldn't be a repository of value in
    principle that's any more stable than
    let's say a well-managed or even a badly
    managed fiat currency and so what do you
    what do you why is it that gold has
    proved itself let's say over centuries
    or Millennia as a storehouse of value
    what is it about gold
    intrinsically let's say that seems to
    have given it that edge the idea that
    gold doesn't have any intrinsic value is
    just pure nonsense

    it's obviously
    politicians have a vested interest in in
    trying to diminish gold as a monetary
    alternative to the Fiat system and even
    now you have a lot out of cryptocurrency
    enthusiasts who say the same thing well
    you know gold has no value because they
    want to justify something like Bitcoin
    which also has no value and say well
    gold worked as money and it has no value

    so so Bitcoin could work well it's not
    true that gold has no value gold is the
    most valuable the most useful metal on
    the periodic table gold became money
    because it was such a valuable commodity
    but gold has a lot of properties that
    make it uniquely qualified to be money
    more so than than other Commodities
    that's why gold was so successful over
    the centuries as money because people
    preferred to use it as money it wasn't
    governments that decided gold is going
    to be money
    the people decided that gold was going
    to be money and once the people decided
    that gold was going to be money if you
    were a king you know well you would tax
    people in Gold because if you wanted to
    pay your soldiers to protect you your
    soldiers wanted gold right so it was the
    money created in the free market and it
    beat out all other forms of money
    because gold you know a gold coin uh all
    they're all all the same

    you could melt
    gold down and you can make it into coins
    uh it's fungible it's portable it's
    divisible but the other aspect of goal
    that is the key you can save gold
    because if I have an ounce of gold in
    100 years in a thousand years it's
    exactly the same it doesn't lose any of
    its properties and in fact even if I
    take my gold and I make you know I make
    a ring out of it or I I use it to make a
    watch right

    you can melt this ring down and you get
    your gold back and it's exactly the way
    it was you could do something else with
    it there's really no other metal you can
    keep using it over and over and over
    again I mean they fill teeth with gold
    if you find somebody buried in the
    ground you know you could take their
    fillings and you know the Gold's still
    there you know there treasure ships from
    the 1400s 1500s they sink if they
    recover the wreckage the only thing
    that's still there is the goal it's an
    it looks exactly the way it looked when
    the sink when the ship sank 500 years
    ago so from a point of savings because
    money has to satisfy three primary
    conditions two of them are a unit of
    account an immediate exchange but the
    third one is the store value
    and that's important

    because it's also makes it possible to
    do loans that I can borrow money you can
    lend money and you can be repaid and you
    know that the money that you're going to
    get repaid is going to retain its value
    and so that's something that gold that
    gold does better than than other metals
    but

    the value of gold even if I'm not
    using my gold today as a metal let's say
    I have gold stored in a safe and you say
    well you know you're not using it for
    anything that's true but I'm preserving
    the future use of that gold
    somebody in the future is going to need
    that gold and so I'm storing it right
    now

    because you know there are more uses for
    gold that are discovered all the time
    because of its very unique properties
    I'm sure in a hundred years or a
    thousand years
    there will be more uses for gold than
    there are now

    So, what can YOU do to protect yourself?

    To protect your family?

    To stay safe?

    Simple: you need to get some #Gold or #Silver in your own possession.

    It's called "physical" gold and silver.

    Not paper traded garbage on the stock exchanges that isn't backed by anything.

    Don't touch that stuff.

    I have two special hook-ups for you.

    Both involve PHYSICAL gold and silver.

    Because if you do NOTHING else, make sure you own "physical" gold and silver, not paper contracts.

    The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they're not actually backed by the gold and silver they claim to represent.

    It's a massive game of musical chairs out there and when the music stops (and I think it will stop soon...) people who only own paper might find themselves owning something not worth the paper it's literally written on.

    And I know you'll never forget it if I give you this GIF so....Let's Get Physical:

    Now...WHERE do you get physical gold and silver and how do you know it's real and safe?

    And that you're getting the best price?

    Oh, and how about personal one-on-one real customer service?

    You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?

    That's what I'm about to tell you.  

    I have two killer connections for you...

    The first is for purchasing gold and silver bullion.

    That means bulk bars.

    That's the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.

    The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.

    You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.

    How about that!

    You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:

    No sales pitch, just real, actual help.

    And the best prices you will find.

    Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back.  Just be patient.

    Good things come to those who wait!

    You can contact Ira and WLT Precious Metals here.

    Ok, that was #1.

    Now I want to tell you about option #2.

    An equally great company, I am so happy to be working with these guys.

    This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).

    You know what the beauty of that is?

    TAX FREE baby!

    I'm not a tax advisor, but that's a general oversimplification.

    Never pay more taxes than you are legally required to pay.

    And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).

    There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!

    They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:

    Wealth Preservation With Gold & Silver –
    The Genesis Gold IRA

    By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4

    Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.

    Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.

    Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.

    With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.

    Sincerely,

    Genesis Gold Group

    Empowering Faith-Driven Stewardship

    Oh....and they're VERY good at what they do.

    You also get physical gold and silver with Genesis, believe it or not!  The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!

    I love what these guys are doing.

    Here's more on why gold and silver in your IRA are so powerful:

    You can contact Genesis Gold here.

    They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!

    Tell 'em Noah sent ya!

    Oh, and did you know Genesis is recommended by SUPERMAN himself?

    It's true.

    Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:

    Watch here:

    Stay safe!

    Make sure you can weather the storm when it hits!

    Because the storm always hits eventually, doesn't it?

    As for me and my house, we will be ready. 💪

    MORE HERE FROM OUR SERIES:

    Insider’s Selling (Part 2): Walton Family Cashes Out of Wal-Mart!

    Insider’s Selling (Part 3): Jamie Dimon Sells MILLIONS Of Stock — First Time Ever In Over 18 Years

    INSIDER’S SELLING: Have You Seen All Of These?

    This is a Guest Post from our friends over at WLTReport.

    View the original article here.


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