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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (5538)7/3/2001 6:03:48 AM
From: TobagoJack  Read Replies (1) of 74559
 
Hi Maurice, <<That's cool! I didn't know they had photography when Aztecs roamed the earth.>>

Beautiful, is it not:0)

I just bought another lot of physical gold today.

I have an idea, but need a lawyer to validate the legality (help, CobaltBlue), for Buffet or anyone in his wealth category to implement:

1. Position via leveraged derivatives in the proper direction on securities of various large gold mining companies and heavily short gold investment banks (GS)

2. Buy NEM, AU and ABX outright, under different corporate entities

3. Restructure mining assets and hedge book obligations amongst the three companies, making sure that one chosen company ends up with all the costly mines and North American mines and all of the hedge obligations (say ABX), and another company chosen ends up with all the low cost mines and none of the hedge obligations (say AU in South Africa)

4. Spin-off ABX and let it sink below the waves, along with all the now to be defaulted hedge obligations

5. Call up GS, give them the good news and squeeze hard

6. Refuse to take any calls from the Maestro

7. Sit back and collect on all the pre-positioned leveraged derivatives on all the other gold companies and investment banks, then

8. Close all open positions and take boat to the Bahamas.

Chugs, Jay
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