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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (47017)	3/6/2004 7:44:44 AM
From: que seria	Read Replies (1) of 74559

Jay: I wonder how the Swedes tax opportunists from other shores. Isn't it a cause for envy if a guy from a place that doesn't tax his income is allowed to make money off land in Sweden? If that incites envy, don't they tax it? Both are some sort of Swedish real estate. A wise and cautious Canadian pal wrote me that the Kungsleden management has two main ideas. One is that they collect land and building used for old people's homes. . . . The moment they smell a whiff of being able to get an above market offer they sell and are off with their loot, trying to have lots of cash around to use when some property gets into weak hands and a below market order can snare it. Kungsleden sounds like some company I should like. I will add more after DD, but just wanted to get in, now. As for paper gold, holding some at all times is a way to assure you don't have to chase to participate if gold goes to a fraction of what you speculate is possible. The paper, which was always meant for trading (or so I try to console myself) was turned in for HKD (USD proxy), so, again, no nominal risk. My physical stash is what will allow me to experience USD 4,000/oz gold in a proper state of mind. I have no physical stash because (1) I want my "gold" (OK, paper gold, as in shareholdings) to be very mobile and secure against non-government thieves; and (2) barring U.S. government interdiction of my gold shares' cash flow on its way to me (an event that would surely not precede expropriation of physical gold), the first 25% of the move you mention would give me profits that are a multiple of all you could hope to make in physical off the full move. Then I'd buy land in Sweden.<g>

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