Irish Finance Minister Dumps Stocks - Buys Gold

www.SeroHedge.com and Ireland's Sunday Independent ^ | 03/16/2015

[Yosemitest]

(Excerpt)



The Minister for Finance in Ireland, Michael Noonan, sold his shares in funds that track European and US stocks
and diversified his portfolio including allocating some of his personal wealth into a gold exchange traded fund (ETF) in 2014.




Noonan sold out of his positions in the Lyxor Eurostoxx 50 ETF and SPDR DJIA ETF in 2014 and opted to invest in the SPDR gold shares ETF and Portuguese government bonds.
He maintained his holdings in SPDR KBW Banks ETF, Ishares FTSE 100 ETF, Market Vectors Agri Business ETF, ETFS Agricultural Commodities ETF.

... Noonan is believed to be quite a shrewed investor.
The Sunday Independent reported that



“Noonan's personal investments give an insight into his thinking and his views on the risk and opportunities facing the global and European economies and markets.
He has a track record stretching back decades of canny private investments.”




... In Ireland, in late morning trading gold is trading at $1,157.03 or off 0.09 percent. Silver is at $15.64 or up 0.15 percent and platinum is $1,115.32 or up 0.03 percent.

[Yosemitest]

Here comes the CRASH !

[arthurus]

He didn’t buy gold. He bought paper gold. It is not the same thing and is just a tad more ultimately trustworthy than fiat currency.

[GraceG]

He needs to put in a big cast iron pot and place it near the end of a rainbow!

[captain_dave]

Foolish move right before the great deflation. He would have been better buying US Dollars. Gold will go down, in dollar terms, during the crashes/deflation.

[Yo-Yo]

What arthurus said.

[Yosemitest]

The Dollar is just the SLOWEST "In Decline".
Obama really is "Crashing the Dollar"..

Crashing the Dollar: How to Survive a Global Currency Collapse

[factoryrat]

Stock up on gold, silver, pocket change (pennies and nickels), old car batteries, and scrap brass, preferably cartridge brass. Oh, and pick up a copy of “Machinery’s Handbook” to figure out what wonderfully nasty things you can make with all of those raw materials.

If a bunch of third world types can bash out AK-47’s in barns and caves, just imagine what some ambitious educated machinists in the US can come up with.

I’ll leave you with this little bit of wisdom: Never, EVER underestimate American ingenuity, especially if they’re being forced into a corner.

[tacticalogic]

Oh, and pick up a copy of “Machinery’s Handbook” to figure out what wonderfully nasty things you can make with all of those raw materials.

I'd recommend a visit to David Gingery's Bookstore.

[Carry_Okie]

I’ll leave you with this little bit of wisdom: Never, EVER underestimate American ingenuity, especially if they’re being forced into a corner.

While they're busy being ingenious, they still have to eat.

[StoneWall Brigade]

Interesting

[Yosemitest]

Foraging wild food.

[Carry_Okie]

Been studying that for nearly ten years.

[Carry_Okie]

BTW, the government has been quite deliberately making sure the land is in no condition to handle many people foraging.

Wrote a whole book on that topic.

[Yosemitest]

I grew up on a small farm, beef cattle, horses, chicken, and a large family garden.
I understand and have been learning since the mid 60s.

[Carry_Okie]

I grew up on a small farm, beef cattle, horses, chicken, and a large family garden.

Cain.

I understand and have been learning since the mid 60s.

Where are Abel your brethren?

Answer that and I'll believe you understand.

[Yosemitest]

Do you think I care if you believe me?

[Carry_Okie]

As I thought.