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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (2955)12/7/2003 11:58:51 PM
From: TobagoJack   of 110194
 
Hello ild, <<Aren't you afraid that high POG may bankrupt ABX?>>

Given my relative allocations Message 19572509 and intentions, no, I am not worried.

I can allow myself to be entertained by:
(a) ABX to blow up, and take some banks and investment houses with them, making physical gold go via escape velocity into low Pluto orbit ;0) or

(b) ABX to be saved by Central Bank gold unhoarding, in which case I guess I will just have to buy more gold to temporarily rebalance the thus depleted gold allocation in my portfolio :0(

... but, in the mean nasty time, ABX options can be treated as an ATM for walk-around money, perhaps.

Chugs, Jay
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