The Anti-Bubbles

Index

Anti-bubbles, 103

antimissile, 12

asset valuations, 12

correlation, 15–16

gold, 13–14

current market consensus, 78

down and out calls, 81

equities, 79, 84

exploration, 84

hedging programs, 82–83

jurisdiction, 80–81

management, 81

marginal cost of production, 81

nationalization, 80

physical gold (see Physical gold)

Real Options theory, 79–80

services, 85

smart investment, 78–79

taxation and expropriation, 80

up and out calls, 80

widow maker, 85–86

platinum and palladium, 92

price valuations, 12–13

silver, 91

Smart Gold strategy, 92–100

vs. traditional financial bubbles, 12

volatility, 14–15

Bank of England (BOE), 12

Bank of Japan (BOJ), 11, 45

Bubbles

benchmarks, 73

beta to alpha allocations, 74

bridges of competence, 26–27

complacency phase, ...