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if it was the hedgies all piling into gold the past year or so, amongst other 'stimulous' factors, that made it krank up as it did in 2010?
what happens when they think its time to move into some other asset class?
(not that i disagree with the POV around here, i just get nervous when i actually start think about _buying_ stuff for 'investment '- vs 'operating inventory' for my biz, that can be expensed on schdC )
comments on this one?:
http://online.wsj.com/article/SB1000...0332589096.htm
"Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010—likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his "short" bets against subprime mortgages in 2007.
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More than $4 billion came from gains on Mr. Paulson's investments in his funds.
Mr. Paulson amped up profits for himself and many of his investors in a novel way. He was worried about long-term weakness of the dollar and other major currencies, so he devised a way to embed a bet on gold into each of his funds—for those investors who opted for that approach. Mr. Paulson has placed the bulk of his own wealth in these gold-denominated funds and a separate gold-focused fund. Because gold rose sharply in value last year, the gold-denominated versions of his funds rose as much as 45%.
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Mr. Paulson recently hosted a New York City event that featured speeches by former Fed chief Alan Greenspan and several chief executives of gold companies, aimed at boosting interest in his gold-focused fund.
edit: (and wouldnt this be a 'tell' that he's getting ready to 'move on' and setting up the sheep fer shearin ?)
Despite Mr. Paulson's winning touch in 2010, he may face a challenge. Gold is down more than 6% so far in 2011, meaning he is likely starting out with losses.
(huh? how do you "start out with losses" when yer up as much as he is???)
what happens when they think its time to move into some other asset class?
(not that i disagree with the POV around here, i just get nervous when i actually start think about _buying_ stuff for 'investment '- vs 'operating inventory' for my biz, that can be expensed on schdC )
comments on this one?:
http://online.wsj.com/article/SB1000...0332589096.htm
"Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010—likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his "short" bets against subprime mortgages in 2007.
....
......
...
More than $4 billion came from gains on Mr. Paulson's investments in his funds.
Mr. Paulson amped up profits for himself and many of his investors in a novel way. He was worried about long-term weakness of the dollar and other major currencies, so he devised a way to embed a bet on gold into each of his funds—for those investors who opted for that approach. Mr. Paulson has placed the bulk of his own wealth in these gold-denominated funds and a separate gold-focused fund. Because gold rose sharply in value last year, the gold-denominated versions of his funds rose as much as 45%.
...
.....
Mr. Paulson recently hosted a New York City event that featured speeches by former Fed chief Alan Greenspan and several chief executives of gold companies, aimed at boosting interest in his gold-focused fund.
edit: (and wouldnt this be a 'tell' that he's getting ready to 'move on' and setting up the sheep fer shearin ?)
Despite Mr. Paulson's winning touch in 2010, he may face a challenge. Gold is down more than 6% so far in 2011, meaning he is likely starting out with losses.
(huh? how do you "start out with losses" when yer up as much as he is???)
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