Thursday, March 14, 2013

Kyle Bass – 'Sell yen, buy gold and go to sleep'

20130313 Kyle Bass largeThe setup for the video linked below, which we shared with GGR subscribers previously, reads:  "Kyle Bass, founder and principal of Hayman Capital Management, LP, will describe why he sees a looming economic crisis for Japan.

Bass has previously predicted and profited from the collapse of the subprime real estate market and the rise in precious metals starting in 2009.

This event is part of the Initiative on Global Markets (IGM) and is generously sponsored by Myron Scholes."

“The time to invest in Japan is after the collapse (not now). … I would buy gold in yen and go to sleep (for ten years).”  - Kyle Bass

(Sell yen short and buy gold, which is the same thing as buying gold in yen terms.)

Source: University of Chicago School of Business - Video at the link below is worthy of sharing.


http://media.chicagobooth.edu/mediasite/Viewer/?peid=f15d95d054e8442ab0cc1c60321383101d


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Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

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