Monday, April 2, 2012

Diamonds are forever

Diamond Geezer © fintag

News comments:
I know you are all piling into Equities but my latest long interest is Diamonds.

Until they find a way to make synthetic diamonds, these easy to hide Madoff loving assets are running out and prices will continue to rise. Despite not yet being at 1980s prices, probably because Gold is the new bling, they look like an interesting asset class.

So I reckon it is time to go long safety deposit boxes. In the UK these have diminished which is ridiculous as the Americans will soon be depositing physicals at a rapid pace. Why? FATCA.

The new American imperialism whereby the rest of the world will not deal with Americans because they could be IRS terrorists means digital footprints leaving an audit trail for tax hunting agents to follow will create a new cold war.

Welcome to a new world of paper, ink and safety deposit boxes full of diamonds.

Of course us Brits will also be following given the latest Big Brother news that everything I type and do is being sent to the UK security services.

The new paper based fintag launches next week and will be handed out at Tube stations by small children.

Today's shorts:
India retro taxes not popular (telegraph)

UK to build largest database of unretrievable data (bbc)

Dark Ages 2.0 (ftadviser)

Today's longs:
Not dead until you are dead (telegraph)

Boxes (safe)

Gossip:
Damien Hirst physicals to be nationalised by the UK Coalition.



1 comments:

BrianSJ said...

Ahead of the game as ever.
http://www.mining.com/2012/04/03/why-is-rio-and-bhp-killing-off-their-diamond-divisions-when-demand-is-forecast-to-double-by-2020/
Buying gems or mines?