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Torres Sarrià, Carrer de Can Ràbia, 3-5, 4ª Planta BCN 08017
Pº de la Castellana, 93 2nd floor MADRID 28046

The concern about keeping our assets in the right currency is something that has always been a major worry for anyone with wealth or savings. In the days of the peseta, any self-respecting investor had to hold the bulk of their assets «in foreign currency», mostly in US dollars or Swiss francs. And later, with the arrival of the euro, the situation for Spanish savers became much clearer, as overnight we found ourselves with a world-leading currency right in our own pockets. (more…)

Muchos analistas especializados en metales preciosos y otros tipos de activos, están advirtiendo del valor que pueden adquirir en el futuro el oro y sobre todo la plata. Argumentan que en el caso de la plata la escasez mundial de dicho metal hace que tan sólo existan extraídos unos 7 gramos por habitante del planeta. Escasa realmente, si lo contemplamos como un bien al que anclar el dinero en un futuro próximo.
In this day and age, it is becoming increasingly difficult to find a safe haven for our money, and indeed for any type of asset. The safe investments of the global economic paradigm of the past no longer exist. How easy it was for the investor who wanted security, a decade or two ago, to place assets in fixed income or bank deposits, with the only worry being that inflation would not eat them up, wasn't it? (more…)
It seems that for the moment Mr. Market's beast is asleep, or pretending to sleep. The Spanish risk premium is still in the “moderate” 400′s despite the fact that Spain is growing the dwarfs of its circus. Perhaps some events are going somewhat unnoticed by public opinion, but they will be decisive in determining what may happen in the Eurozone in the coming months and years.
On the one hand, the triad (not the Troika) of Eurozone countries that still have their AAA - Finland, the Netherlands and Germany - have backtracked on an agreement they may never have reached in a credible way. (more…)

«Ante todo es de justicia decir que el anuncio de compra ilimitada de deuda en apuros (OMT) por parte del BCE en el mercado secundario, mientras el ESM lo hace en el primario, es la medida más contundente, consensuada y coordinada puesta en práctica hasta la fecha.
Sea porque las anteriores medidas tomadas hasta hoy eran cobardes e inútiles, o bien porque esta vez quien las toma no es un político temeroso de las urnas sino un tecnócrata financiero que ha mamado de las ubres de Goldman Sachs, como el presidente del BCE. La cuestión es que estamos ante la decisión más trascendente en años, lo cual tampoco es decir mucho, claro. Pero vayamos un poco más allá de los titulares periodísticos y de los argumentos políticamente correctos.» Leer artículo completo.


Below, we’ll share some thoughts taken from and freely translated from a letter published by Eric Sprott, a prestigious asset manager specialising in precious metals, inZerohedge.com. In the letter, he speaks openly about the lies of politics, citing various examples involving Mariano Rajoy. Mr Sprott never minces his words. At the end of the article, you will find some of our own thoughts on the matter:
The President of the Eurogroup, Jean-Claude Juncker, said in April 2011 at a conference in Brussels: “When things get tough, you have to lie“He was presumably referring to situations where one must avoid giving the markets any hints so that the measures taken are effective. This argument is reasonable, but it is nonetheless surprising that such a high-ranking European official would publicly admit to doing so systematically. After all, our leaders are not supposed to lie, especially when things get really serious or ugly. READ MORE
We care about transparency both in management and in our own way of working. Leading wealth management and family offices company
Torres Sarrià, Carrer de Can Ràbia, 3-5, 4ª Planta BCN 08017
Pº de la Castellana, 93 2nd floor MADRID 28046