“The Pacific Group Ltd., founded by a former PaineWebber Inc. trader, is converting one-third of its hedge-fund assets into physical gold, betting that prices will go up as governments print more money to pay off debt. The Hong Kong-based asset manager plans to take delivery of $35 million worth of gold bars that can be traded on the London Bullion Market Association and other international markets, William Kaye, its founder and chief investment officer, said in a telephone interview on Jan. 18. It has secured vault space at Hong Kong International Airport to store the gold, he said.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
LAPD takes aim at wave of Asian ‘maternity tourists’
Missouri Sends National Guard Troops Into Ferguson
Canadian banks to be compelled to share clients' info with U.S.
Map: All the Countries John McCain Has Wanted to Attack
Dozens Of TSA Employees Fired, Suspended For Illegal Gambling Ring
China Shows How to Destroy a Market
Japan welfare payments to be slashed ¥74 billion to root out the comfortably poor
Congress to 'fight' 0.1% of massive Trump Saudi arms deal
Counterfeit Perth Mint gold sold in China
Ron Paul: I Think It's A False Flag, Al-Qaeda Benefits Most From Chem Weapons
JPMorgan CEO Jamie Dimon to Analyst: 'That's Why I'm Richer Than You'
New California Water Law Restricts Individuals To 55 Gallons Per Day By 2022
Goldman's BRIC Era Ends as Fund Folds After Years of Losses
How did a modern feminist become a brutal dictator's wife?
If You Want To Know Why Things Are Falling Apart, Look at Total Debt