Hope you will all come onboard ...taken from another gold site:
"My proposal is to carry the battle to the enemy, but not in a frontal
attack.
I suggest that the key to unlocking the gold market is not gold, nor is it
buying gold shares, nor waiting and hoping to pick up a few oats that the
horse misses. I suggest that the key to the gold market - its achilles heal - is
its link to silver.
Assuming that the estimates I have seen are correct as to the rapid
drawing down of reserves of silver, and remembering what happened to the
gold price when the Hunt brothers tried to corner the silver market, I suggest
a consortium, not of the giants, but of us all. We must remove from the
market in excess of one hundred million ounces of silver bullion. Bullion, not
coins or jewelry, for with the latter, we cannot be sure how large the pool, or
how many will cheerfully sell at the possibility of a small gain. In short, one
million buyers...of one hundred ounces of silver bullion each (more for they
who can or will).
Delivered. Unhedgeable. Unloanable. Unmanipulated. The quantity is
small enough to fit inside a safe deposit box, the expenditure reasonable at
current market prices, and let the shorts hold the price down as long as they
can, for it will only rebound the harder on them.
At some stage, Mr. Buffett will have to exercise his fiduciary trust to
his shareholders and call in his leased silver or risk losing it. And better now,
than when the world stocks are totally exhausted.
I myself, and my brother are buying one thousand ounces of bullion each.
Yes, I could buy more of those 4 cent options for March 2001 $9 silver. Yes,
certain securities would probably give a much greater return. And yes,
eighty-five pounds of silver bars holding open the door or serving as a
marking post for the dog is more than a bit of a nuisance. (I think it would
break the safe deposit box, and how to carry the thing).
If your desire is actually to free the precious metals market from
the hands of the few, help us. Talk to every precious metal internet site,
forum, friend, and founder. Try to reach shareholders of precious metal
company shares - what a way to enhance the share value. Pass this on,
Buy some yourself, pay cash, and don't give your name if you fear
government confiscation of bullion. Americans can buy it in Canada,
(perhaps in Mexico also? Not my field of expertese) if they're really scared.
Talk it up. Put the fear of god into the shorts. Have people report in as they
buy, and keep running totals of how much has been taken out of the market.
Thanx. |
