I thought that I'd take a look at the advice I've given via this blog over the last 17 months. Accountability and transparency are key to a successful investment practice as is advice based upon fundamental and reason. This is not an environment for short term 'punting' but for thoughtful strategies designed to firstly, preserve capital and secondly, encourage growth.
With each quote is a date appertaining to when the quote was made, so that you can check context.
I am proud of the work that we have done since the crisis began but more than anything I'd like to thank my clients who have been immensely supportive.
Before The Crash
Hopefully, you have already rigged for the financial typhoon the RBS and Morgan Stanley are now joining us in predicting. Don’t forget to warn your friends - Monday 23rd June 2008
Twin the sharp drop in housing (prices) with high inflation, low demand and a weak dollar and what we are left with is a perfect storm of bad economic conditions - Wednesday 25th June 2008
Lehman Brothers stock is falling through the floor on reports that it will be sold on to Barclays.
We've just been through a bear rally in equities without the expected retracing and the credit markets have just had the worst quarter in six years.
Be scared. Be very scared.... - Tuesday 1st July 2008
"So what has all of this to do with gold?", I hear you whine (whilst losing the will to live). The general stockmarket is very sensitive to the plight of the financials. If they continue to tumble, the equity market as a whole will fall with them, including mining stocks. Physical gold will become more attractive and may even head north of $950 per ounce again - Tuesday 8th July 2008
New plans and new money from existing investments should look to take advantage of the market volatility by dollar cost averaging with emerging funds from the BRIC nations and South East Asian Tigers. These economies whilst hit hard by the downturn in western markets do not have the structural issues that beset the 'developed' world. Buying them now on a regular basis with a 3 year view will prove highly profitable - Sunday 21st September 2008
Post Crash
I have nothing but sympathy for people who have lost money through mismanagement of their portfolio. But I can't help but breathe a sigh of relief and internally smile for my personalised portfolio clients.
It ain't easy being in cash and mistakes were made in December last year. But today we were proven right.
Unlike many, we can sleep easy at night... - Tuesday 30th September 2008
Gold or as Spandau Ballet once sang "GOLD!", is looking very attractive at present levels. Presently trading at $729 per ounce with the GLD ETF priced at $72.18, now is a great time to buy, even if gold drops further. Please remember that GLD buys physical gold held in New York by HSBC. It is not a paper investment. Please see a previous posting below which reports that even though the gold price is dropping, gold sales are rapidly increasing -
Monday 10th November 2008
$75 per barrel also bodes well for gold. There is a strong correlation between gold and oil and a 50% rise in the oil price could be positive for bullion and encourage weakness in the US$. It is also entirely possible that the price per barrel could rise without OPEC having to close the spigot. Dollar weakness due to the Fed's printing of US$ to reflate the US economy could also push the price of oil up, as it becomes more expensive to buy. In conclusion, oil at these levels may be presenting an investment opportunity unseen for a number of years - Monday 1st December 2008
We know that gold purchases are at record levels and that gold is a finite commodity. We know that the Federal Reserve and Congress have been injecting liquidity into the system like drunken sailors. We also know that massive increases in the money supply will always lead to currency weakness and inflation. These are the twin catalysts that drive the precious metals markets. Additionally, America needs a much weakened dollar to help manufacture its way out of recession. So fear not that gold will revisit $1000 per troy ounce. Its destiny is to go much further north.
Our 2008 strategies generally worked very well. Those of you who bought the gold ETF after my 10th November recommendation on my blog have garnered a 15% return as have those who bought Yen in October - Tuesday 30th December 2008
2009
So when he declared that the Yen will probably trade between 70-100 against the dollar, it was significant. It also appears that the Yen is weakening without additional selling from the government - 14th March 2009
Gold Is This The Tipping Point? - Sunday 6th September 2009
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