Money Management: Do you have SWAG in your portfolio?on September 10, 2012 at 07:58
Joe Roseman, who worked 16 years as an economist and money manager at Moore Capital Management, an American hedge fund sponsored-owned by its employees and run by the legendary Louis Bacon, is of the opinion that people should have SWAG in their portfolios.
Yes, you should have SWAG in your portfolio: Silver, wine, art and gold, according to Joe Roseman, who are nowadays managing his own money and who has published a book titled: Silver, Wine, Art and Gold: Alternative Assets for the Coming Decade. Roseman is of the opinion that silver, wine, art and gold, are assets that will “…effectively act as a money supply index tracker” (Puzzled investors should put some silver, wine, art and gold into their SWAG bag, Irish Independent, James Saft, 16 August 2012). In other words, it will provide a very good barometer of the extent the authorities are going to bail themselves out through fiat monetary expansion, something every single government has done at some stage or another. In fact, “Roseman’s argument is that SWAG assets can act almost like alternative currencies, and, unlike fiat currencies, cannot have their supply increased at the press of a button” (Puzzled investors should put some silver, wine, art and gold into their SWAG bag, Irish Independent, James Saft, 16 August 2012). This is almost 100% spot on, but it should be noted that gold and silver are not currency, but rather money, especially in coin form. It should after all be no secret that silver for one had been used successfully as money for 6000+ years, before the bankers managed to successfully sell us the lie that currency is money and that silver is an industrial metal at best. Therefore, in our opinion, any SWAG portfolio should be heavily leaning towards physical gold and silver ownership. The truth be told, silver for one can be purchased at much more cost-effective prices than wine, art and gold. However, if you can afford it, it is recommended to maintain some form of balance by not only having silver in your portfolio. However, needless to say, if you can only afford to buy silver, then it is perfectly fine as well and no reason to lose sleep. Again, silver, like gold, is money and could be used at a later stage to buy wine, art and whatever will be available for sale. To be brutally honest, we have no intention to buy or invest in traditional art work at present, because in our opinion some silver coins are both money and art. Now we can go into a lengthy discussion about it, but we feel a visual display of a small selection of those silver coins should give you a better idea of what we’re trying to convey here…
Chinese Silver Panda
American Silver Eagle
Mexican Silver Libertad
Australian Silver Kookaburra
Russian George the Victorious
2012 ANDA Show Melbourne 1oz Silver Lunar Dragon (Yellow)
Another reason why you should have SWAG in your portfolio, is because “…SWAG are not denominated in any particular currency, meaning you are not hostage to a particular monetary or fiscal policy, or even to natural disasters or wars” (Puzzled investors should put some silver, wine, art and gold into their SWAG bag, Irish Independent, James Saft, 16 August 2012).
Tip: If you choose to invest in or buy silver, be sure to always buy physical silver and to take personal possession of the silver you buy, because “if you can’t feel it, they will most probably steal it.”