I was golfing with a good friend of mine a few weeks ago. He's a hedge fund manager in California and I convinced him to fly in for the day . . . for a round of golf. It was on the course where I got some insight into investing in China.
Here is where things get really interesting; next she swaps my silver with someone at the SLV. From here the SLV takes physical possession of my 50 bars. Next, the person from the SLV makes another swap with my 50 bars showing it as part of a deal on the exchange. From this point we have what is called a 'lease and swap' arrangement. And now you're going to have two or three claims on my original 50,000 ounces. This type of insider price manipulation goes on all the time. And there is not limit, law or regulation as to how many leases and swaps can be made on the original 50 bars I loaned out to begin with.
The third and last item on the list involves those loud tv commercials, which run from mildly irritating to infuriating. But can anything be done about them? I'm skeptical. Then again, the national no-call list has been a spectacular success, hasn't it? I used to get maybe 20 annoying calls a day or more. Now it's two or three. That made a big difference. On the other hand, why don't they just put a chip in the set to reduce the volume when a commercial comes on, if you enable the feature? Just provide it as standard equipment on all new sets. A marketplace solution.
> Let the founding father of the international hedge fund industry spend 90 days transforming YOU into a world-class trader who finally makes real money - no matter what the market is doing - BEFORE you even have to decide if it's right for you.
Throughout the developing world, gold is the most liquid, efficient and widely accepted form of exchange and the best store of value - especially in rural areas that lack access to banking services. Jewelry is coveted in the developing world, where it functions as both adornment and savings. It is often the only asset a Muslim or Hindu woman is culturally permitted to own, and therefore may be her only form of protection against financial adversity. Additionally, the dowry concept is alive and well in India today, where gold is commonly transferred from the family of the bride to the groom.
Each time, those who waited and jumped on the bandwagon late in the cycle, got hurt as that particular cycle collapsed. And rapidly thereafter, a new big thing caught fire and new wealth was created.
Legendary SBRE Fund, John Paulson has chosen to place a significant percentage of his total investment capital into gold and its relatives - ETFs and stocks. He actually owns more gold than that of several countries combined!
The data strongly implies that available stockpiles will not keep pace with demand in coming years. Gold's global production peaked in 2002. Several of the world's largest mining companies expect further declines in production next year, and are in a scramble to increase reserves through the acquisition of new mining properties. South Africa, once the world's largest gold producer (now supplanted by China), mined its lowest amount of gold since 1922 - and its overall output is down 72 percent from its 1970 peak. Whereas China and Russia have become a major force in gold production, they also seem inclined to hold onto most of it - adding these precious ounces to their own reserves.
The last step of thinking or trading like a hedge fund manager is self reflection. Often times we become so absorbed with trading that we do not notice the obvious.
Significance, if they have made an average of 30% a year they also probably had a onetime greatest drawdown of 30%. Are you still attempting to live at means that rather simply is not attainable to your financial situation?
