... And the significant of this ? [Hutch]
Open your ears Hutch and listen to what the words say.
... Triggers for a gold price... $500 in 2001
could include... waning confidence in paper instruments...
aSoon Hutch your many years of eXtra Good Returns
from your professional job in the derivatives markets,
moving those pieces of paper from there to where
to over yonder without worry about snow, sleet or rain
will disappear like old dirty snow in a warm Spring rain.
Those paper instruments you work are like the fiat money
and instant credit of today's empty promises and GSEs
that have the legal rights granted to them by a criminal
in spirit government. This dirty snow will soon see the
bright light of truth, and once it melts away those folks
who hold it last will hold nothing of value for that which
they exchanged something of value, trusting those who deal
in this stuff that their words were honest and true that
these paper instruments have a value more than the fibers
they contain as if made in toilet paper.
So Hutch, after your job profession is run out of town
tared & feathered and you are flipping burgers at Great Bergers
and folks ask what you did before being one of the luck ones
getting this job in this 1929 depression era alikeness,
do not tell them that you were one of those that created
and sold those paper objects backed with something less
than fools gold. Yes Hutch make like a squirrel and hide
away your current returns, just don't hide away those objects
that can not weather sleet snow or rain, but something that
can not be corrupted and corrode and become worthless as those
paper sheets of toilet paper you now "move", something like
... you guessed it, physical gold.
Or something back by gold, as in shares in a gold mine.
doug |
