Happy New Year. Thank you for all your support in 2015 and wishing you and yours a healthy, prosperous and happy 2016.
David Collum has again conducted a comprehensive, insightful and frequently witty review of the year past. Collum is a professor of Chemistry and Chemical Biology at Cornell University.
In addition to his academic interests, he authors an annual review of the financial, economic and geopolitical year. The review is a must read and includes interesting information about the astute academic’s investment strategy and indeed the breakdown of his investment portfolio:
Precious little of my portfolio changes most years. I began 2015 with the distribution shown below. Owing to downward adjustments in energy and metals prices and upward adjustments of putting savings back into those asset classes, my percent allocations remain about the same.
Cash equiv (short term): 60%
Precious metals etc.: 21%
Standard equities: 9%
‘2015 Year In Review – Scenic Vistas from Mount Stupid’ is in two parts and can be accessed here
31 Dec LBMA Gold Prices: USD 1062.25, EUR 974.32 and GBP 716.36 per ounce.
30 Dec LBMA Gold Prices: USD 1067.80, EUR 977.26 and GBP 720.43 per ounce.
29 Dec LBMA Gold Prices: USD 1067.25, EUR 972.89 and GBP 718.46 per ounce.
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Thank you and again Happy New Year
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