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Like all the smart money like sovereign wealth funds, pension funds and endowments that "woke up" to commodities as an asset class in early 2008 and put billions to work in index linked commodity swaps? Commodities never went through the classic bubble playbook with hordes of bus drivers and...

All hedge funds assume the same level of risk?

That is not surprising considering his fund is a China fund and China B shares are going parabolic http://www.bloomberg.com/apps/quote?ticker=SHBSHR%3AIND How many tech mutual funds looked great in the 90s?

So unless gold becomes a bubble it can't go down?

When confronted with some of his horrendous calls Schiff gets all defensive and says * "YEA WAIT BUT I SAID TO BUY FOREIGN STOCKS, I NEVER SAID YOU YOU SHORT THE NASDAQ" * "I ALWAYS WAS A VALUE INVESTOR, I NEVER SAID YOU SHOULD BUY OIL FUTURES ON LEVERAGE" * "ALL I SAID WAS DON'T BUY US...

Excellent post, thanks for sharing. I am in full agreement.

Setting a generous disaster stop loss doesn't mean you can't take advantage of upside. Nobody forces you to buy/short anything without a stop loss/sell point. Faber (just like his Goldilocks economy foes) love to focus on targets ($5,000 gold, 40,000 Dow, 10,000 Nasdaq, $200 crude etc. etc.)...

Ridiculous. What if he charged 99% fees on profit, thus net returns would shrink to 0.2%. Would that make his gross returns less admirable and worthy of research?

Last time I believed in something must have been the tooth fairy. How are those guys doing who believed in Dow 40,000 in 1999? Or those who bet the house on peak oil and the big inflation scare of 2008? (Spare me the details, I know already "This time is different") Betting the farm on...

A trade is a trade is a trade. Nothing else. Gold is no different than Rapeseed or Natural Gas to me.

Yes, the US is one of the few countries that taxes based on citizenship, not on residence. You could live on the Moon and you'd still pay US taxes as long as you have the passport. Why not the UK? I see real estate (quiet, rural areas) has come down quite a bit, English is spoken, good...

I am not a US citizen, but if I was, I'd give back my passport today and put together a plan for moving my assets and most importantly my entire family offshore. I understand the process is difficult for US citizens, for a good reason: If it was easy anybody with half a brain and half a million...

http://www.valueforum.com/ Pay forum.

Also Caribbean, Panama, Monaco, UK (non-domicile setup for foreigners), Cyprus. There are dozens of possibilities to shape your (and your families) own tax future. Just many simply like to whine and complain instead of taking matters in their own hands.

Taxation is only getting started. Western Europe and North America will tax the living crap out of people, especially the "rich" (or what they call rich). Anybody with the means and brains is better off leaving to more tax friendly environments.

Slippage & commission.

What else would one expect from bubble vision?

If you have a good track record, just go through your list of family and friends and raise capital from them. That's your best bet.

Shocker! And those who pay the LEAST in income taxes (the poor) are screaming the LOUDEST on how Wall St. and the White House are wasting "their" share in precious tax dollars.

I happily leave all these amazing opportunities to pick up pennies in front of a steamroller to great traders like yourself. Good luck.