Thanks Emma.
There are lots of views out there and they are usually trying to charge you a fee for the privilege of their share tips. I am investing relatively small amounts at present and I am interested in the ideas of more experienced investor with regard to sifting through the waffle
Gold is priced in Dollars, ideally you want the dollar to collapse for Gold to really take off.
Mining companies can be extremely risky especially small ones, they often get hammered if there’s even a small drop in the gold price
In the past I’ve done alright trading in and out of Wheaton Precious metals (formerly Silver Wheaton). They finance miners in exchange for buying silver and gold later at a fixed price which is usually well below the spot price. They tend to be correlated with the silver price, and pay a small dividend. There’s a couple of other companies doing the same thing. Sandstorm Gold is one of them
also have sandstorm position with another broker. Would be great to get it on FT alongside barrick gold - considering Dalio’s constant posting about a global recession - sooner rather later!
He’s been saying it for years. It’s basically like saying “it’s going to rain”…maybe not Today or Tomorrow but eventually, sure. Hardly an enlightening prediction
Bridgewater has an AUM of 160B+ how is it 66% of his entire holdings? I re-read your message but I dont know how to do the strikethrough writing. Hardly a huge cover though
Longest bullmarket - he’s so good at what he does because he hedges. He’s probably had plenty like this in the last few years just this one got reported on
It’s a net bet as well, for all we know he could have $3B dollar long against $4B dollar short giving a delta position of -$1B (net short position), which is what the media is on about. It could be anything really.
If the former is true and volatility rises, he’ll make a killing on both sides.
The 1.5 billion is just the fee associated with trading put options. Yes, 1.5b is just 1% of Bridgewater’s AUM but all that 1.5b represents is the right to sell a security at a specific price for a fixed period of time (next 4 months). The premium covers $100b or 66% (100/150=66%) of his book. I acknowledge he’s a “hedge” fund manager and we don’t know the bigger play; it’s also not a large part of my research. It might not have been the best example to use - I just want to buy some gold stocks.