What To Do With 20 Million Dollars Burning A Hole In Your Pocket

It was a confluence of highly unlikely positive events...

Some would call it the cross-over point. Others would call it unbelievable luck.

The combined total of his (we'll call him Mr. "X" to preserve his anonymity, privacy and "wish to be left alone") lottery winnings and the inheritance from a long forgotten rich uncle (whose estate was finally closed out 12 years after the death of the benefactor) was a cool $20,000,000 (rounding down a couple hundred thousand) and that was all "after taxes"!

You should be so lucky.

Not having any experience with managing such bountious riches he sought out a financial planner. But that in itself was a task and a half because entrusting one's fortunes to an unknown entity could easily be a "good-bye" kiss to the new found riches and "hello once again" to the old grind-stone... So,

He approached his trusted lawyer and asked her to query her 5 most respected colleagues for the names of the 3 people each would go to if they needed financial advice.

She came back, a week later, with 5 envelopes... each containing 3 names.


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Of those 15 suggestions 9 were unique names. Six of those were suggested once, one was named twice, another was suggested three times and one was suggested by 4 different recommendors.

Mr. "X" made separate appointments with the three candidates who had multiple recommendations.

He asked each a battery of pre-arranged questions and requested the names of 40 of their best clients and 10 of their "nightmare" clients.

Of each collection of "40 best clients" he chose 5 at random and called each of those. He had a short list of questions that didn't take much time to cover. He recorded the conversations and had the recordings (permission for recording the calls were obtained in each case) transcribed and from the transcriptions he made short notes in the margins.

He also interviewd 2 randomly picked "nightmare" clients from each financial planning candidate's list.

From his research he narrowed down the list of candidates down to two.

He then sent individualized letters to each of the nine original candidates asking them to rank the other 8 candidates and to mention which one or two they would hire to take over their own family's financial affairs if he/she were not capable of handling it any longer.

In the end one solid candidate stood out from the rest and it is this person that Mr. "X" hired as the finance-person on his "Mastermind" team. Together they came up with an amazing plan...

Together they lined up a precious metals commodity broker.

Mr. "X" short-sold 100 contracts (where each contract represents 5,000 ounces) of silver at $2.00 per ounce less than the current spot price for silver.

This had the effect of pushing down the price of silver.

He then bought enough shares from Barclay's ETF (exchange traded fund) to equal 500,000 ounces of silver.

He then arranged for the Brinks Security Service to drive an armored vehicle up to the loading docks of Barclay's warehouse and he asked to redeem his 500,000 ounces of silver. The silver bullion (in 500 or so bars of 1000 oz... because each so-called 1000 oz bar is not exactly 1000 ounces... some are only 980 ounces and others can weigh as much as 1030 oz plus or minus) was loaded into the armored vehicle and delivered to a secure warehouse facility. Each bar's serial number was recorded and the numbers were given to Mr. "X" as his proof of ownership.

Then he closed out his open "short-sell" position and waited for the price of silver to dip again.

Dip-again?

Absolutely... you see, after word got out on the stree that the ETF had less bullion in its vaults (after Mr. "X" redeemed his ETF shares for real silver bullion) people erroneously thought that silver wasn't that great of an investment... so,

The price fell about 20% at which point Mr. "X" immediately bought enough ETF shares equivalent to 500,000 ounces of silver.

With shares in hand he redeemed his silver from the ETF once again and ended up with 1,000,000 ounces of silver and, when all the dust had cleared, he still had about 9,800,000 in cash safely stored, in 100,000 dollar lots, in 98 separate bank savings accounts.

So, that's how he picked up a million ounces of silver below prevaling spot prices and time will tell how he and his new financial planner will deal with the remaining cash portion of Mr. "X's" portfolio...