Unlike science fiction, we believe time travel is possible and in regular use. Rare coins are capsules transported through time as an asset of last resort. A private, discreet and proven asset transported to a future point of Fire or Famine.
If you are like me, your biggest priority will be your family and your own retirement. Imagine, if you will, ten or twenty years hence. Could there be a moment when you or those closest to you, may need a discreet lump sum?
You may buy a coin; but you never really own it. You merely become a custodian for a brief period of time. As the custodian your job is to protect and preserve.
In return you are rewarded at a future point of your choosing.
During periods of Feast I would expect your specimens could continue their journey forward to another generation, possibly two or three generations.
At that point, your time capsule will be sold and the value you sent through the ages realized for use. The coin will be passed to the next time traveller and will continue its journey forward long after we have parted this world.
Risk versus Reward.
What are the risks involved in time travel? We have all heard the clichéd term risk versus reward, but how do you measure risk?
Which investment would you be most comfortable sending through time?
Since the credit crisis broke our reactions have ranged from stunned stupor, crisis management, and opportunities galore. Traditional asset correlations have been scrapped; bonds are in a bubble, stocks, real estate, cotton, wheat, corn, soya, rice, gold, copper, rare earth metals- you name it the press claim they are all bubbles.
Why every asset is up, and this is easy to understand when you look at the German stock market during the 1920’s hyperinflation.
Yet how much risk is being taken in search of short terms at the expense of long-term security?
Further, how much of the reward has intrinsic value beyond third party promises?
The greatest risk in time travel.
When all the hype, promise and obligations are stripped away the biggest and greatest risk we all face is called counterparty risk. Is your stockbroker’s research good? Is the company’s management good, will your bank remain solvent? Will your dealer deliver the coins? Will the government forcibly redistribute your wealth to the deserving poor?
Most investments you can think of have significant counterparty risk in the form of government. For the most part your assets will be registered and quantifiable for tax purposes. Changes in legislation and taxation can vary dramatically over the long term. Don’t be surprised if new property taxes are introduced in the near term. Vast amounts of wealth have been cornered into property, and it is primed for taxation.
So looking forward ten, twenty years or more, what asset could you safely transport through time without significant counterparty risk?
Of course you could open a bank account, buy stocks just as many have for the past twenty years with their own retirement plans. Look how that’s worked out.
Quality assets:
Without question you should be laying your hands on every single quality asset you can find. For use in time travel there are limited options, and it goes without further explanation our thoughts on what is best. Other possibilities include:
Property - You could buy a house, but will it remain in a desirable neighbourhood, will taxes remain the same? Could a hurricane or act of god destroy it?
Gold - the mainstream choice- concentrated wealth, non perishable; gold is certainly a good choice. Risks could occur with legislation and anything more than one or two kilos could present discreet transportation.
Old Masters/ Wine - a favourite of the super wealthy and again a very good choice. Risks obviously include storage and the possibility of destruction. Price precludes this area for most.
Diamonds - another favourite in times of peril, highly portable, non perishable and concentrated value. The main risk is resale and the fact the market is controlled by the De Beers cartel. As with coins any profit you receive will rely upon your ability to negotiate with dealers and clearly defining value. But unlike diamonds, coins have documented rarity, populations and price guides to back up your asking price.
Stamps - also very popular and profitable area. The prime risk, as with wine and old masters are stamps delicate and perishable nature. Not very good for long distance time travel.
A couple of things are transparently clear to me. The first is we are all in this together, mostly through no fault of our own. Second your investments should have no counterparty risk and underlying intrinsic value.
Happy travelling and may the time of your choice be filled with promise.




Comments
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