One of my personal heroes (not a major one, but estimable nevertheless) is a former classmate of mine. A few years ago Yves, as I’ll call him, asked me to recommend a portfolio manager in France. I suggested one with an apparently good investment record and a described...
Insights
Insights
Dennis Delafield and Vincent Sellecchia discuss the quarterly results of the Delafield fund for the period ending 12/31/11 in their latest shareholder letter.
Read the letter [PDF]
2011 was a good year for gold bullion, up 11.3%, but a tough year for gold stocks which declined 18.3% based on the XAU index of gold and silver stocks. We addressed the reasons for the disparity between the performance of gold bullion and gold mining stocks at length in our web site...
The real news is rarely reflected in newspaper headlines or television flashes. Today the real news may be a little more encouraging than it seems at first sight.
On August 18 of this year, the news headlines were so universally dreary that I could not resist...
James Hunt, the manager of the Tocqueville International Value Fund, answers questions about the market.
Read the article [PDF]
John Hathaway, the manager of the Tocqueville Gold Fund, answers questions about the state of the gold market.
Read the article [PDF]
Dennis Delafield and Vincent Sellecchia discuss the quarterly results of the Delafield fund for the period ending 9/30/11 in their latest shareholder letter.
Read the letter [PDF]
Few would dispute that the twelve-year (and still counting) bull market in gold has been the opportunity of this investment lifetime. Even fewer have participated. From its twenty-year bear market low in August of 1999, bullion has appreciated more than seven fold. That works out to a $US...
A colleague recently reminded me that 15 years ago we celebrated Tocqueville Asset Management's tenth anniversary with a special issue of Themes, the publication we distributed to communicate with our clients and friends before the advent of the Internet. So, if my arithmetic...
Although the purpose of this paper is not to discuss performance per se, please make sure you read the disclaimers at the bottom.
Recently Tocqueville’s largest account, after marking a pause during the latest financial crisis, has...
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Tim Steele is an artist living in New York City and the founder of Tim Steele Design. As a career artist, he has also expanded into the related disciplines of interior design and contemporary structures.
With solo and group exhibitions spanning 20 years, Tim’s abstract pieces are shown in galleries, public spaces and in private collections around the world. An extension of his painting, his interior work includes NYC apartments, private homes, executive offices and entire commercial floors. With an interest in utilizing recycled and new materials, Tim is also creating modular structures that are based on shipping containers.
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