Bermuda Based Hedge Fund Offering Shares Priced in Gold
March 2nd, 2009 • Related • Filed Under
Just like a Webmoney Gold (WMG), GoldMoney or Pecunix account shares in Osmium Capital Management, will now offered denominated by weight in gold.
Investors wishing to avoid the hidden tax of inflation which is apparent today in all of the world’s major fiat currencies will be able to soon subscribe to this fund using dollars, euros or pounds but at the time of their purchase the amount will be converted in a weight of gold and denominated in gold from that day forward. This is precisely how a GoldMoney account operates and in fact a stock market with prices in gold has been suggested many times before by DGC veterans.
The operator of the fund stated they would hedge the funds exposure to movement in the gold price by selling gold for cash and buying gold forward.
“The gold [share] class will be invested in the same pool of assets as the other currency classes, except that this return will be denominated in terms of troy ounces of gold and exposed to the price of gold relative to the currency in which the subscription was made”
