Hey Kuppy, Are you surprised we haven’t seen a buyback or any insider buying at these levels in EGD? Not really… Unfortunately, the guys running EGD aren’t focused on returning capital to shareholders at the bottom of the cycle. That said, in retrospect, they seemed smart to raise capital at the top of the cycle…. I am a little confused by your email.  Now Read More

Is this bullish for BDSec and Mongolia? http://www.bloomberg.com/news/2013-03-26/mongolia-exchange-value-may-reach-40-billion-on-rule-change.html It’s not bearish…. Everyone will from now on have a little less confidence in the banks. Starting with the move on the banks in Argentina 10 yrs ago and the recent fiasco in Cypress, it is hard to trust them and the government. Agreed. Trust is hard to gain–easy to lose. I agree with your latest piece Read More

This week, Energold just got flushed down the toilet. Your last post, says you would be nibbling. At current price, You got to be buying? But decline does not indicate such. Response from Fleck, he says he has NOT sold any. You also said in your last post, expect a couple of week Quarters. So with Jrs in the toilet and NO numbers, Energold Read More

http://bdsec.mn/files/Is_the_dispute_over_Oyu_Tolgoi_near_an_end.pdf For your readers This is VERY big news. For the past year, Mongolian businesses have been starved for foreign capital as the Government of Mongolia and Turquoise Hill had a very public battle over various issues. It isn’t 100% resolved, but both sides have essentially agreed to stop fighting and move on towards building a very successful mine that will become roughly a Read More

I’m in Hong Kong–On the way to Ulaanbaatar Hi Kuppy. How do you purchase and store your physical gold? More specifically, do you store your gold in multiple locations? Singapore? Zurich? Do you recommend such services as Goldmoney or Global Gold? And finally, are you of the multiple passport school? Thanks very much for sharing your insights and good luck in Mongolia! I probably Read More

I am back in Miami and catching up on AIC. It’s been a long time since I responded publicly to questions. Privately, I have continued to answer questions in a timely way… Thought you might be interested in this website if you haven’t seen it already: http://greedometer.com/ He tracks several of the same measures you mentioned in your recent post: margin debt, advisor sentiment, volatility (ignoring Read More

http://www.businessinsider.com/astonishing-photos-of-prewar-afghanistan-show-everyday-life-in-peaceful-kabul-2013-2?op=1 A friend forwarded this link to me and I wanted to share it. It’s amazing to think how normal Afghanistan looked before a few decades of war made it into such a mess. Hi Kuppy, I think one of the overlooked reasons for UK economic growth is the payment protection insurance payouts equivalent to 1% of GDP over 18 months. Everyone in the Read More

Are you going to start publishing Leather Apron Letter again? I enjoyed it. I enjoyed it too, however I wasn’t the publisher. Some friends of mine had the idea for the letter and I liked it so much that I linked to it and contributed some content, but it isn’t my letter. My friends took a hiatus as they have actual jobs at hedge Read More

It’s been a while since I responded to emails publicly. If you wrote me, I responded privately. Here are some of the most-asked questions. Ask Kuppy will return to its normal (haphazard) schedule going forward… Hi Kuppy, I’m a long time reader, and I am the type of investor you were pre-2008: good small caps that will compound over 3-5yr periods. I’d like to Read More