Archive - Apr 2014 - Blog entry

 “On the way in, there’s insatiable demand.” Alas, “it’s going to be a disaster on the way out.”

Silver coins with the face of Russian President Vladimir Putin are being minted in Russia. The coins weigh one kilogram (1kg - 2.2lb) and are being launched by the Art Grani foundry to mark Crimea’s reincorporation into Russia.

Evidently, the people have not forgotten...

Military Keynesians Are Full of Sh ... (Cough) ... Shallow Myths

It is interesting to note that thousands of Indians have engaged in gold smuggling in recent months. Meanwhile smuggling in the western world consists primarily of drugs. This says something about the values system of India and Eastern societies versus what is valued in the western world.

Investors take note. One of the primary market props of the last five years is being removed. What happens when the markets finally catch on?

BANZAI7 BEVERAGE WARNING!

So, I'm off to the races to raise money for UltraCoin, my uber-disruptive startup, and I come across the resistance of certain parties to take common stock. Now, the standard in the professional VC community is to take preferred stock with a stack of anti-dilutive measures, control premiums and liquidation preferences.

Bloomberg Television’s “On The Move Asia” had a fascinating interview with Albert Cheng, the World Gold Council’s Managing Director, Far East. He discussed China’s gold market and what’s driving the country’s demand with Rishaad Salamat.

Since 2003, we have pointed out how China’s liberalization of its gold market would have enormous ramifications for the global gold market in terms of a huge new source of demand and would ultimately lead to higher prices in the long term.

“Flash Boys” is a book written for Hollywood instead of the history books or policy makers.  Stay tuned for the movie.  

Age-old myths and fantasies about turning stuff that was worthless into gold. Alchemists leaning over their cauldrons of bubbling brew in the dark recesses of the dungeon of some mythical castle somewhere unknown to mankind. Well, perhaps not so unknown and not so fantastical.

Asia Tour 2014...

The charts below gives an indication as to the terrifying magnitude and speed of the recent decline in the value of the currency. Year to date, Ukraine’s national currency has collapsed by 69% against gold in less than four months. This has resulted in the cost of food, fuel and basic staples surging for ordinary people in Ukraine.

So instead of one wholly integrated federal health care system, we have something like 30 disparate systems, all of them expensive, and none of them perfect. Indeed, "not perfect" is an absurd understatement, roughly equal to Oprah being "not petite." Allow me to offer my own personal example.

Too much testosterone in the room? Heard that all before. It’s the adolescent-like traders that were battling with levels of testosterone and cortisol, pounding on their chests like Tarzan swinging through the trees in the jungle of the financial markets that brought the world down too.