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Irish Finance Minister Dumps Stocks - Buys Gold
www.SeroHedge.com and Ireland's Sunday Independent ^
| 03/16/2015
Posted on 03/17/2015 8:27:58 AM PDT by 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.
(Excerpt) Read more at zerohedge.com ...
TOPICS: Business/Economy; Extended News; Foreign Affairs; Philosophy
KEYWORDS: gold; goldprice
Here comes the CRASH !
To: Yosemitest
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.
2
posted on
03/17/2015 8:31:44 AM PDT
by
arthurus
(it's true!)
To: Yosemitest
He needs to put in a big cast iron pot and place it near the end of a rainbow!
3
posted on
03/17/2015 8:32:03 AM PDT
by
GraceG
(Protect the Border from Illegal Aliens, Don't Protect Illegal Alien Boarders...)
To: Yosemitest
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.
To: arthurus
5
posted on
03/17/2015 8:38:29 AM PDT
by
Yo-Yo
(Is the /sarc tag really necessary?)
To: captain_dave
The Dollar is just the SLOWEST "In Decline".
Obama really is
"Crashing the Dollar"..
6
posted on
03/17/2015 8:48:23 AM PDT
by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: Yosemitest
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.
7
posted on
03/17/2015 9:17:11 AM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: factoryrat
Oh, and pick up a copy of Machinerys 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.
To: factoryrat
Ill leave you with this little bit of wisdom: Never, EVER underestimate American ingenuity, especially if theyre being forced into a corner. While they're busy being ingenious, they still have to eat.
9
posted on
03/17/2015 9:27:11 AM PDT
by
Carry_Okie
(The tree of liberty needs a rope.)
To: Yosemitest
10
posted on
03/17/2015 10:49:19 AM PDT
by
StoneWall Brigade
(Daniel 2 Daniel 7 Daniel 9 Revelation 13 Revelation 16 Revelation 17 Revelation 18 Revelation 19)
To: Carry_Okie
11
posted on
03/17/2015 10:50:31 AM PDT
by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: Yosemitest
Been studying that for nearly ten years.
12
posted on
03/17/2015 11:26:19 AM PDT
by
Carry_Okie
(The tree of liberty needs a rope.)
To: Yosemitest
13
posted on
03/17/2015 11:27:49 AM PDT
by
Carry_Okie
(The tree of liberty needs a rope.)
To: Carry_Okie
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.
14
posted on
03/17/2015 5:50:32 PM PDT
by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: Yosemitest
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.
15
posted on
03/17/2015 7:00:35 PM PDT
by
Carry_Okie
(The tree of liberty needs a rope.)
To: Carry_Okie
Do you think I care if you believe me?
16
posted on
03/18/2015 2:42:16 AM PDT
by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: Yosemitest
17
posted on
03/18/2015 4:52:52 AM PDT
by
Carry_Okie
(The tree of liberty needs a rope.)
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