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If nothing major happens, all that stored up gold will likely come on the
market soon after and send gold down to new lows...
JW
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of Don Roos
Sent: Tuesday, May 25, 1999 10:33 PM
To: RealTraders Discussion Group
Subject: Re: GOLD1
<<At any rate, I can't figure out how to make any money with the turkey
until demand spikes. My suspicion of a triggering event would be that
the dollar falls into disgrace when market does its final swan dive and
all of the currencies so recently pegged to the
dollar are yanked loose.>>
Earl:
Has everyone forgotten Y2K? I am accumulating the physical for a hedge
against Armageddon. Others I know are also. This is not an investment
or a trade. It is a cache for survival, if worse comes to worst. And
if not, it is still gold at levels not seen since 1985 and at an
inflation adjusted 50$ per oz. If the worst occurs, I am assuming gold
will spike 10x, and am using that as my hedge ratio. If the worst does
not occur, then it is an insurance policy. Almost all of the time, the
insurance sellers win, but we still buy insurance.
This is the time when we will refer back to and say, "I could have
bought gold for 280$ per oz."
Don
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