diamonds

Jewelry Investing Focus Of Town & Country Magazine Article

“Jewelry might never perform the way a real estate or an S&P fund will, but it is the best purchase you can make in the luxury sector. It’s an investment you can wear for 30 years and then sell. What else can you do that with? Do you have a suit from 1968?”

-Chris Del Gatto, jewelry expert interviewed by Town & Country

Yesterday I came across an article about jewelry investing on the website of Town & Country, the venerable monthly American lifestyle magazine. In “Is Jewelry the Last Brilliant Investment?” (published January 17), Stellene Volandes discussed “the role of stones and jewels as a new asset class” and the recent formation of Arcot Finance (“a fine gem investment firm”). She also interviewed a number of jewelry/gemstone experts.

At one point in the piece Volandes penned:

Legends of Russian and French aristocrats fleeing revolution with diamonds sewn into their hems still resonate. “I know people who want to buy some diamonds to put away. They know in uncertain times they can sell them quickly,” says jewelry expert Chris Del Gatto, whose eponymous firm specializes in buying and selling from private collections. He has bought and sold more pieces than almost anyone on the market. “They also know they can take the stones with them. You can’t do that with a building. It’s a bunker mentality.”

[Arcot Finance’s Henri] Barguirdjian certainly has experience with the idea of stones as a solid investment. Clients have asked him for lots worth $1 million for each of their grandchildren, to be stored in safe deposit boxes, knowing that they will appreciate in value. “They see it as a safe haven,” he says…

(Editor’s note: Bold added for emphasis)

An interesting article regarding this “alternative” investment, which you can read in its entirety on the Town & Country website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Thursday, January 19th, 2017 Investing Comments Off on Jewelry Investing Focus Of Town & Country Magazine Article

Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

Regular readers of Survival And Prosperity know that well-known investor, author, and financial commentator Jim Rogers is bullish on Asia (China in particular) and Russia. As recent as April 6, I blogged about a GoldSeek.com Radio interview (released April 1) in which the former investing partner of George Soros said:

I own Chinese renminbi. I own Chinese shares… I bought recently some Russian government short-term bonds in rubles.

He added later:

There are other places I’m looking at but I’m really not very active at all. I’m mainly just watching the world unfold. Be knowledgeable, be worried, and be prepared.

That last sentence is indicative of a lot of what Rogers has been sharing with the investing public lately.

Still, it’s being reported that the CEO of Rogers Holdings and Beeland Interests, Inc. is actively looking for places to put his substantial “war chest” ($300 million estimated net worth) to work. Katya Golubkova wrote on the Reuters website last Tuesday:

Veteran U.S. investor Jim Rogers is looking at possible investments into Russian oil firm Bashneft (BANE.MM) and diamond miner Alrosa (ALRS.MM) as he aims to add more Russian assets to his portfolio, he told Reuters…

“If they (Bashneft and Alrosa) are not under sanctions, I will take a look – as I said, I am looking for more investments in Asia and in Russia but I am an American and I have to be a little bit careful.”

(Editor’s note: Bold added for emphasis)

Golubkova added:

He already has interests in Russian state airline Aeroflot (AFLT.MM), the Moscow Exchange (MOEX.MM) and fertilizer producer PhosAgro (PHOR.MM). He owns some exchange traded funds (ETFs) and is investing in Russian treasury bonds.

“I am looking for more investments in Russia. I am trying to buy into a Russian tourist company, I am optimistic about Russian tourism,” Rogers said, adding that he was also looking to buy more stocks of Russian agriculture companies

(Editor’s note: Bold added for emphasis)

A little over a year ago, I discussed an April 6, 2015, Reuters piece in which Yelena Orekhova and Olga Popova wrote:

Russia could now be “the right place at the right time” for investors, he said. His own portfolio consists largely of Russian shares, he said, among them fertiliser company Phosagro , airline Aeroflot and the Moscow Exchange…

About those “Russian government short-term bonds in rubles” mentioned a week-and-a-half ago, Rogers expounded in the April 12, 2016, Reuters article:

“If I got a chance I would probably buy more,” Rogers said, adding that he was only investing in Russian rouble bonds, not Eurobonds.

“I want to buy rouble bonds, I am more optimistic about rouble bonds than I am in Eurobonds. Rouble bonds have much higher yields.”

(Editor’s note: Bold added for emphasis)

Nice work by Reuters for staying on top of Rogers’ (potential) Russian investments.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Source:

Goubkova, Katya. “Veteran U.S. investor Rogers looks to add more Russia to portfolio.” Reuters. 12 Apr. 2016. (http://www.reuters.com/article/us-russia-rogers-idUSKCN0X90SC). 17 Apr. 2016.

Jim Rogers’ latest book…

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Monday, April 18th, 2016 Agriculture, Asia, Bonds, Commodities, Crash Prophets, Currencies, Emerging Markets, Energy, Europe, Exchange-Traded Funds, Gemstones, Investing, Natural Resources, Stocks, Tourism Comments Off on Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

Goldman Sachs: About 20 Years’ Worth Of Known Mineable Gold Left

Leading global investment banking, securities, and investment management firm Goldman Sachs has put the spotlight back on gold and other prized commodities. Myra P. Saefong reported on the MarketWatch website this morning:

In another two decades, rare commodities may become seriously scarce.

According to Goldman Sachs, the world has about 20 years’ worth each of known minable reserves of gold, diamonds and zinc. Platinum, copper, nickel reserves only have about 40 years or less left.

“The combination of very low concentrations of metals in the Earth’s crust, and very few high-quality deposits, means some things are truly scarce,” Eugene King, European metals and mining analyst at Goldman Sachs, wrote in a recent research note…

(Editor’s note: Bold added for emphasis)

Could “peak gold” really have arrived? Regular observers of the precious metal shouldn’t be surprised to hear of its mention. Lawrence Williams reported on Mineweb.com (web-based international mining publication focusing on mining financial and corporate news and comment) back on March 25, 2013:

A new study from research and data provider IntierraRMG has pointed to a disturbing trend in terms of a decline in new global discoveries and in particular in gold grades. According to a study which covers announced gold deposit finds over the past 10 years, this decline has been accelerating over the past four years and if the trend continues, which seems likely as the easier-to-find deposits have perhaps mostly already been discovered, then the future of global mined gold supplies will gradually become affected. Indeed global production of mined gold has been plateauing and although running at or around its historic high levels, as the amount of new gold being found diminishes, then global production levels may not be sustainable beyond the next few years unless there is a dramatic turnaround in discoveries

(Editor’s note: Bold added for emphasis)

Last fall, the chief executive of the world’s biggest gold miner (by market capitalization) was warning of “peak gold.” Alistair MacDonald reported on The Wall Street Journal website on September 8, 2014:

Miners have reached “peak gold,” in which production of the precious metal has hit its high as easy-to-mine gold deposits become harder to find, said Chuck Jeannes, chief executive of Goldcorp, the world’s largest gold miner by market capitalization.

Mr. Jeannes said in an interview that a falloff in supply will support the gold price, but make mining it even harder and lead to further consolidation in the industry…

“Whether it is this year or next year, I don’t think we will ever see the gold production reach these levels again,” he said. “There are just not that many new mines being found and developed.”

(Editor’s note: Bold added for emphasis)

If “peak gold” is truly taking place here, there’s a good chance investors are going to pay more attention to the shiny yellow metal going forward.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

Saefong, Myra P. “In 20 years, the world may run out of minable gold.” MarketWatch. 31 Mar. 2015. (http://www.marketwatch.com/story/in-20-years-the-world-may-run-out-of-minable-gold-2015-03-30). 31 Mar. 2015.

Williams, Lawrence. “New gold discoveries declining at accelerating rate – IntierraRMG.” Mineweb. 25 Mar. 2013. (http://www.mineweb.com/archive/new-gold-discoveries-declining-at-accelerating-rate-intierrarmg/). 31 Mar. 2015.

MacDonald, Alistair. “Goldcorp CEO Jeannes Sees “Peak Gold” in Sector This Year or Next.” The Wall Street Journal. 8 Sep. 2014. (http://www.wsj.com/articles/goldcorp-ceo-jeannes-sees-peak-gold-in-sector-this-year-or-next-1410188689). 31 Mar. 2015.

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Wednesday, April 1st, 2015 Commodities, Gemstones, Industrial Metals, Investing, Natural Resources, Precious Metals Comments Off on Goldman Sachs: About 20 Years’ Worth Of Known Mineable Gold Left

Profitable Assets, Professions In Germany’s Hyperinflation Of The 1920s

Since I started being concerned back in 2004 about the prospect of a U.S. financial crash, I’ve been interested in reading about the everyday lives of the people who lived through economic collapses.

Why? Because I believe there are valuable lessons to be learned for what I think is coming down the road for us here in America.

I haven’t really come across any good Great Depression accounts yet (if you know of one- shoot me over a suggestion). But the other night, I happened to stumble upon a rather lengthy article on the website of Der Spiegel (Germany) that provided a great deal of insight of what went on in Germany during their devastating bout with hyperinflation in the 1920s. Alexander Jung even went so far as to identify the financial “winners” and “losers” during that period of time. Jung wrote back on August 14, 2009:

The only objects of real value were tangible assets: diamonds and coins, antiques, pianos and art. The works of contemporary artists like Lyonel Feininger, Paul Klee, Max Pechstein and Karl Schmidt-Rottluff were in especially high demand. And if you had foreign currency, you lived like a king

The stupid ones were those who had nest eggs: the thrifty, holders of government bonds, but primarily the country’s pensioners. In other words, those who received money without having to work for it, who lived on their pensions or the interest on their savings. Large sections of the middle classes saw themselves stripped of their assets, losing almost everything they had set aside for years. Banks, savings banks, and insurance companies suffered huge losses and were left with nothing but their paper money. As a result, they had to start the majority of their businesses from scratch in 1924.

By perverse contrast, the winners of the hyperinflation were those with massive debts; first and foremost the state, but also private individuals who had borrowed money to buy houses, construction land or farmland, and whose loans were slashed by the switch to the rentenmark.

Some industrialists made huge gains from the period of hyperinflation. Hugo Stinnes, whom Time magazine crowned “Germany’s new Kaiser,” built up an immense corporate empire comprising heavy industry, newspapers, ships and hotels — all based on a mountain of debt. As late as the summer of 1922, Stinnes was recommending that people continue capitalizing on “the weapon of inflation.” Indeed manufacturers and craftsmen in general profited from the crisis since they possessed plants and buildings — that is, tangible assets that outlived the currency switch.

Most farmers also did extremely well. “They had money to burn, and spent it willy-nilly,” writer Lion Feuchtwanger recalled. Some bought themselves entire stables of racehorses, others expensive cars. “Farmer Greindlberger drove from the grimy village street of Englschalking to Munich in an elegant limousine complete with a liveried chauffeur, while he himself was dressed in a brown velvet jacket and a green chamois-tufted hat,” Feuchtwanger wrote of the rural rich…

(Editor’s note: Bold added for emphasis)

That last bit about farmers buying expensive cars reminds me of what “crash prophet” Jim Rogers has been telling anyone who will listen:

The farmers are going to be driving Lamborghinis and Maseratis.

Anyway, the quote doesn’t do the piece justice. I recommend you read the entire article on the Der Spiegel site here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Thursday, August 14th, 2014 Banking, Bonds, Borrowing, Business, Crash Prophets, Currencies, Depression, Education, Europe, Farming, Inflation, Insurance, Manufacturing, Savings Comments Off on Profitable Assets, Professions In Germany’s Hyperinflation Of The 1920s

Marc Faber Sees Bubbles In Bonds, Stocks, Debt, And High-End Sector

While “crash prophet” Jeremy Grantham sees only a “few signs yet of a traditional bubble” in stocks, “Doctor Doom” Marc Faber thinks otherwise.

In fact, the Swiss-born investment advisor and fund manager sees the whole financial sector as being very bubbly these days.

Faber appeared on CNBC’s Fast Money last Tuesday and warned viewers:

I see a bubble in everything that relates to the financial sector. We have a bubble in bonds. We have a bubble in low-quality bonds. We have a bubble in equities. If you look at the financial sector as a percentage of the global economy, it’s very large. We have a huge debt bubble, and it’s only getting bigger. It’s not getting any smaller.

So we are the bubble. Everything that is in the financial sector is the bubble, and it’s been pumped up by central banks.

Now within the big bubble, I think the high-end sector is probably a huge bubble. You know- pink diamonds, the prestige art, and luxury.


“Uber bear Marc Faber gets a little bullish”
CNBC Video

The editor/publisher of the monthly investment newsletter The Gloom Boom & Doom Report revealed he owned stocks in European telecom companies, utilities, and blue-chip companies in Switzerland.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Source:

Navarro, Bruno J., “Superbear Marc Faber sees opportunities.” CNBC. 19 Nov. 2013. (http://www.cnbc.com/id/101212211). 25 Nov. 2013.

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Monday, November 25th, 2013 Banking, Bonds, Bubbles, Communications, Crash Prophets, Debt Crisis, Europe, Investing, Stocks, Vehicles Comments Off on Marc Faber Sees Bubbles In Bonds, Stocks, Debt, And High-End Sector

Diamond Investing

No gold-digging for me… I take diamonds! We may be off the gold standard someday.

-Mae West (American actress. 1892-1980)

I find diamond investing to be quite fascinating. I’ll admit- I don’t know too much about the area, and I rarely come across material about it in the financial mainstream media. So I was somewhat excited to stumble on this April 3, 2012, CNBC video last night:


“Diamonds Are a Great Way to Diversify: Expert”
CNBC Video

I plan on looking more closely at diamonds down the road to see if they are viable “alternative” investments for uncertain times.

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

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Wednesday, April 4th, 2012 Gemstones, Investing Comments Off on Diamond Investing
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