What if Kaplan is wrong ?What if Kaplan is wrong ? Considering a recent Reuters report out of New York by Svea Herbst......
Electrum Strategic Opportunities is a ' private equity fund ' - whose clients ( underline ) include the Municipal Employees Retirement System of Michigan State . The appearence here is that there
are shareholders carryng the risk in Electrum Strategic Opportunities - and not Kaplan's
' own personal money - or family money ' ! .....Question - how much of Electrum Strategic
Opportunities is Kaplan's money ? There is a deductive hint in Herbst article that Kaplan's success
with Nova Gold and Gabriel Resources made it easier for Kaplan to raise $200, 000, 000 for
Electrum Strategic Opportunities. What if Kaplan is wrong about where gold and metals generally are headed ? Kaplan may not be vulnerable - but, the MunicipalRetirement Fund of Michiigan might be - and the other shareholders ( ? ) Note in this Reuter's article Kaplan's own projections for this fund.....They are doubtful about Gold and metals and his comments have no immediacy and what is vitally important he himself doesn't project the ' profit motive ' to make him believeable
as an investor for himself or as a ' monitor of a public pension fund '.
Blessings from gnawitall