DFJ

OILB - a GBP denominated oil ETF, backed by Shell (so safe) and the underlying asset (oil) actually belongs to the investor, so no counterparty risk.

 

I put one toe in at USD 101 (OILB £47), several toes more at USD 92 (OILB £42), and a big foot at USD 72 (OILB £33). I'm now only about 10% down on this overall investment, and plan to double up if oil falls to USD 50 anytime in the next 3-12 months (which is possible, though not very likely). I will hold for 5-10 years if necessary, and xepect to see oil hit several hundred dollars in that time frame (i.e., 3-4 fold return)

 

I've also got one toe in BP, at 470p, and plan to triple this investment if it get back into the 350p region in the next 3-12 months, which is quite possible I think

Hi

I am looking into buying OILB too and am wondering if anyone has been able to do this through TD Waterhouse? When I try it they don't recognise the stock symbol.

Sorry to go off topic.

GD

I've not checked in since Friday (yep I know, I missed out on the fun) but don't think anyone picked up on this little something:

Stanley Fink looks forward to trading without footprints after joining ISAM

By Richard Blackden

Last Updated: 6:54pm BST 14/09/2008

Stanley Fink, one of the leading figures in the hedge fund world, said he is looking forward to being able to trading without 'leaving footprints in the snow', after making a dramatic return to the industry.

The Sunday Telegraph revealed yesterday that Mr Fink - known as the godfather of the UK hedge fund industry - has joined London-based fund International Standard Asset Management (ISAM) as chief executive officer less than three months after leaving the board of Man Group.

Mr Fink turned Man into the world's biggest publicly-traded hedge fund with more than $80bn of assets during his two decades at the group.

"When I look back at my 21 years at Man, the bit I got the buzz out of was turning a small business into a medium-sized business," said Mr Fink.

Smaller hedge funds of ISAM size typically find it easier to get in and out of trades, according to Mr Fink. ISAM was founded five years ago by Roy Sher, a former gold trader at Merrill Lynch. Alan Amler, a South African-born futures trader, joined him last year. ISAM's Gold fund has returned an average of 17pc over the past four years, while the Macro fund notched returns of 16pc in its first year.

For more see http://www.telegraph.co.uk/money/main.jhtm.../bcnfink115.xml

There's better experts around here than myself but here is a few starters, from my experiences with coins

(anyone have a different experience, please let me know, buying coins can be a lonely experience):

 

 

Thanks DCA, great tips for beginners.

 

GD

Any opinions on the Market Vectors Gold Miners ETF (GDX).

 

This seems to track the HUI pretty closely.

 

I simply dont have the time/knowledge to research the juniors sufficiently or the cash to invest in 10+ companies.

 

I figure buying an ETF of Gold Miners might be the better way to gain exposure.

 

Whilst Im pretty well invested in Gold and Silver Bullion, I'd like to get some more leveraged exposure to these metals by way of equities.

 

Does anyone buy this ETF? Or have any thoughts/comments

Hi

Just to cover practicalities this ETF is only listed in the US. If you're UK-based you can buy it through TD Waterhouse and the best way to track its price is here - http://finance.google.com/finance?q=gdx

Can't give any more pointers than that as I've only just bought into it. I bought in at $47 in Jan and today it's $53 - good climb, but because it was my first trade I only spent £200 so not much of an absolute gain!

GD