Seeking Alpha – Usually when Wall Street talks about hard assets, they’re talking about precious metals or commodities, things you can touch or feel or consume.

But hard assets can mean other things – things that bring pleasure like art, vintage cars or rare stamps. Let’s call them ‘real’ assets’ or ‘stable assets.’

So what’s happening to real assets in this volatile environment? Demand is booming. But compelling values still exist.

“Rare diamond and gemstone prices have been steadily rising and auction houses have been selling investment grade gemstones at record sales” reports Reuters.

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Tags: auction houses, commodities, gemstone prices, gemstones, pleasure, precious-metals, rare diamond, rare stamps, real assets, record sales, reuters, seeking alpha, vintage cars, volatile environment, wall street

Business Standard – Indian entrepreneur Lord Karan Bilimoria has put Cobra, the beer company he founded 18 years ago, up for sale for an estimated £200 million, a leading daily here claimed today.

The 46-year-old businessman had drafted in advisers from NM Rothschild to find a new investor in the business, famous for supplying its beer to most of the 10,000 curry houses in Britain, the Sunday Times claimed. The company, however, declined to comment on the potential sale. According to the report, the decision to sell comes just two months after Cobra raised £15 million of fresh capital.

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Tags: american-headquarters, dynamic-opportunities, edinburgh, fortunes, gemstones, raft

West Palm Beach (HedgeCo.net) – Holiday airline Sun Country filed for bankruptcy yesterday, just 3 days after the arrest of investor Thomas Petters, founder of Petters Group Worldwide, the firm that owns Sun Country among other investments.

Petters was charged with mail and wire fraud, money laundering and obstructing justice.

"We were forced to take this action as a result of recent events at Petters Group Worldwide," said Sun Country Chairman and CEO Stan Gadek. The airline said that it would continue to fly its regular schedule.

A federal judge in Minneapolis order Petters to be held without bail after a taped phone conversation revealed that the disgraced entrepreneur planned to leave the country. A hearing is scheduled for Tuesday.

Petters has stated that he plans to fight to be released from custody and maintains his innocence.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

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