This obscure thread in the tepid backwater of Humor/Jokes is all about a lonely safari in search of wealth in the next to darkest of Africa:
by way of Zimbabwe Platinum
as monitored from Hong Kong:
where the stock code is ZIM, on Australian Stock Exchange.
Do not confuse this precious platinum ZIM in Australia with that valuable gold ZIM in Canada.
This thread is moderated, but the moderation feature will be used only lightly, when absolutely necessary. The rules are simple. The allowed posts are those on the relevant subject matters of ZIM, sociology, politics, economics, finance, science, technology, fundamentals, psychology, mania, frenzy, doom and gloom, right, wrong and just is, but, all in the context of ZIM and within the tapestry of precious metal, unless not. And yes, humor too.
Foreign exchange rates 'sponsored' by:
ALLOCATION DISCLOSURE (July 9th, 2002):
Cash 46% (39% Euro, 31% USD, 19% AUD, 7% CHF, 3% HKD, CAN 1%, Paper Gold 0.2%)
Physical gold and platinum metals 6% (75/25 respectively)
Bonds 21% (91% USD, 9% Euro, valued at lower of cost and market)
Rental Real Estate 22% (valued at cost)
Equity 5% (AAPTY, AMGN, AOL, AU, AWK, BP, CHL, CMCSK, CWT, DROOY, GFI, HGMCY, IMPAY, NEM, PAAS, RAD, RD, SWC, XOM, Hongkong & Shanghai Banking Corp, CNOOC, Petro China, Sinopec, Newcrest Mining, Zimbabwe Platinum) w/ ZIM.au accounting for 0.2% of NAV, and a sliver of this biotech starter set (0.1% of NAV) - a private equity approach to public listed ventures - recommended by DAK:
I have these internally not altogether consistent option positions:
Short SWC July Put 15
Long RDN August Put 40
Short NEM Sept Call 30 covered
Shot NEM Sept Put 25
Short SWC Oct Call 20 covered
Short HGMCY Nov Call 15 covered
Short NEM Dec Put 25
Short NEM Dec Put 20
Short CMCSK January Put 12.5
The above noted South African resource shares are in their ADR and regular flavors.
My MS Money morgue contains these residual shares that qualify me to receiving annual reports from AIG, INTC, MRK, MSFT, PFE, QCOM, WMT, and in HK equity morgue - Phoenix Satellite TV.
I do not have debt, and NAV YTD appreciation is now @ 4.90%, well on track to a more than ambitious 8% for 2002. This tally to date is conservative, based on always valuing the bonds and real estate at lower of cost and market.