Submitted by Financial Adviser on Sun, 10/21/2012 - 09:32
The Picture - Government bonds (which are set to burst) and gold (which is getting ready to enter the mania phase). The mania allows the most furious justification to the crowd why they should buy into the bubble.
The Movie
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We are cautious about reports of the exchange “running out of time”: the 20 March binding constraint is a GGB maturity. Greece is sovereign and has run out of money; it can choose the timetable. The case might be different if the maturity were an English law bond (but perhaps not much.)
Submitted by Financial Adviser on Mon, 01/30/2012 - 20:53
Many clients ask us about investing in collectables in superannuation via a SMSF. On 5 July 2010, the Cooper Review released the final report of its Review into the governance, efficiency, structure and operation of Australia's superannuation system. One of its recommendations was for: ‘SIS legislation, in relation to self managed superannuation funds (SMSFs) should be amended so that:
the acquisition of collectables and personal use assets by SMSF trustees be prohibited;