Will the Hunts buy silver again after selling Hunt Petroleum? « Peter J. Coo...

" Of course, the irony of the 1970’s episode may not have been lost on the next generation of Hunts. They did indeed select one of the best possible investment strategies for that decade, and if they had not gotten too greedy with margin trading their position would have...

Govt preparing policy on investment in food sector

""The government is conducting a study for the formulation of a policy that will enable medium- and large-scale enterprises to enter the food sector," Bayu Krisnamurthi, deputy for agricultural and marine affairs to the coordinating minister for economic affairs, said here...

Iran joins the gold bugs to fight 25% inflation and sanctions « Peter J. Coo...

" Mohsen Talaie, the deputy foreign minister in charge of economic affairs, told Iran’s Etemad-e Melli newspaper: ‘Upon the decision of the government’s task force a segment of Iran’s foreign exchange assets will be converted into real assets such as gold and stocks.’"

Tax Laws Popularize the Small Foundation

"New York Times, By GERALDINE FABRIKANT–June 7, 2008––When John Lane III assumed the investment responsibilities for the Edward H. Lane Foundation in 2004, he took on a lot of headaches.""The foundation, which had been started by his grandfather, was a small fry —...

RBS Shareholders Take 95.1% of Stock in Rights Offer

In the biggest European share sale and the first one in the UK sinc ethe economic turmoil began, RBS has seen shareholders buy 95 percent of stock, giving it an additional 11.6 billion pounds."Royal Bank of Scotland Group Plc saidshareholders bought 95.1 percent, or 11.6...

The Golden Collapse

Here's an article from Reason Magazine written by Matt Welch. It's about what happened after the tech crash that happened at the turn of the millenium."Despite the considerable hit that the wave of tech publication closures had on the pocketbooks of freelancers like me, it...

The new DIFC Capital Club, a good lunch and a good investment « Peter J. Coo...

" At a similar club in Hong Kong ‘memberships’ trade at $1.2 million each so the Capital Club at under $12,000 might be something of a snip. The comparison should not be with a normal club membership but with a seat on the local exchange. The price will rise and fall with...

Stalking the best gold and silver juniors a profitable summer sport « Peter ...

"However, with gold prices on the way up this sort of investment interest will surely quickly revive stock market interest in the junior mining sector which has plumbed an all-time historic low this year. "

Boris starts review of embassies... from a boat in Turkey

The so-called "foreign embassies" that London Mayor Ken Livingstone set up during his time in offer are likely to end up on teh chopping block after a review launched by new mayor Boris Johnson. Johnson is today in Turkey  taking a look at one of those embassies, which...

New Hunt brothers of the silver market most likely to live in Arabia « Peter...

Beginning in 1973 the then richest family in America decided to beat inflation by buying silver, then $1.95 an ounce. It worked brilliantly and by 1979 the Hunt brothers had amassed half the world’s silver in a pool with wealthy Arab investors and the price peaked at $54....

Dubai Q1 export trade booms by 79%, cashing in on oil prices « Peter J. Coop...

Dubai is feeling the searing heat of the oil boom in the Middle East with exports rocketing by 79 per cent in the first quarter, and total non-oil trade in the region’s commercial hub city up by 46 per cent to $58billion.

UBS $15bn deal with Blackrock looks absurd « Peter J. Cooper’s Weblog

Hedge fund Blackrock therefore acquires a $15 billion loan portfolio for an equity payment of $3.75 billion. But the risk of this massive leverage is largely borne by the seller UBS through a loan to fund the acquisition.