hello pezz, today's report:
(a) yesterday i recalibrated my portfolio and followed up on this earlier trade Message 26199855 .
and in alignment with this general direction Message 26213367 i bought back at hkd 10,374/tael the remaining 2/3 of all paper gold i had so astutely unloaded back on december 17th Message 26186238
the round trip expedition out of gold netted enough to be replace interest income otherwise unearned even as a big cap gain was temporarily monetized and now once more solidified. iow, the exercise was worthwhile and for a good cause, my cause :0) even as the overall stance is more rather than less the same when temporary greed compelled me to betray my gold.
(b) i am now at 28.05% better off position than at this time last year, and am at
cash @ 6.84% (hkd/usd 0.1%, cad 6.1%, euro/chf/rmb 0.64%)
bonds @ 2.11%
physical metals @ 16.58% (50/50 au/pt value at 1120/1450 mark to mark, 56/44 au/pt in oz term, w/ physical gold cost basis at 404).
certificate metals @ 17.22%. Should the metals tank, I now stand ready with 50% leverage on NAV to triple up on certificate metals, so as to better engage with destiny of fiat paper money.
rental real estate @ 40.13% (lower of cost and market). Folks are enquiring whether we want to sell. No asking for whether we wish to buy.
equity @ 17.12% (energy 3.8%, gold mining 5.2%, others at 8.12%)
(c) day before yesterday i had dinner yesterday with boyz at harlan's ifc.com.hk , in private nook with full harbour view, and i ordered clams cooked some fancy way, followed by pasta cooked some other nourishing way, and of course, the wine flowed.
one boy is a name-brand guru appearing much on Bloomberg, cnbc, and featured often enough on financial times, wall street journal and such;
another is an award winning asia fund manager 2008 / 2009; and
the third is advisor / assistant to the chairman / ceo and controlling shareholder of one of the largest real estate kingdoms on this planet.
the boyz agreed that
(i) 2010 is for capital preservation,
(ii) even as the first quarter to first half of 2010 is for "hold your nose and buy, especially in asia, china and hong kong",
(iii) if want adventure for the intermediate term, can do farm land / ag companies located in exotic locations (central asia, china) traded on strange exchanges (swiss, hong kong) with non-usd denominated sales but effectively usd-denominated cost (fuel, fertilizer, whatever),
(iv) must be long 1st half, then maybe short 2nd half,
(v) but watch out for us$ dead empire bounce,
(vi) private control of state power + state supported corporate power + socialization of losses = we are screwed
(vii) fed reserve is now a player as well as an architect of the financial-scape (held discussion on researched founding, current control, general purpose, as well as revenue n cost, and accounting standard and method of the fed as related by ex-insider), and covered following points
- privatization of sure gain
- socialization of every-so-often loss
- where did the fed get its gold, why is the gold still valued at 42 sorry bucks (and no, I must not tell you this insider-revealed secret of the evil cabal, for when known in its entire sordidness, revolt follows)
- usa banks and wars wwi n wwii
(viii) hong kong is the planet’s BEST, universally TRUE, and a prime REFUGE for the sovereign
(ix) got the insights re this economist.com hot rusal.ru global issue epi-centered on freedom mountain Kowloon and money rock hong kong, linking putin russia and chinese hong kong google.com.hk . i am guessing that the revelations if ever made would result in many nuclear cocktails for many people.
(x) more ohwhoageewhizbang wine all around, and then the boyz went separate ways, i to my humble abode, financial advisor to his humbler abode, the awarded fund manager off to his trophy wife, and the guru off to nyc that night, so that we may read what he has to say to everybody.
Recommendation: GETGOLD, PILEPLATINUM, STOCKPILE SILVER
cheers, tj |
