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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (168616)5/28/2002 11:21:24 PM
From: yard_man  Read Replies (1) of 436258
 
there are some real slobbering nuts on gold-eagle -- like this one

>>Impending Gold Futures Default

The coming default on gold futures contracts by the short sellers and large bullion banks will surprise many (because they don't know what it is and therefore cannot anticipate it), and will most likely act to catapult gold prices into 4, 5, or even 6 figures per ounce.<<

Or here's a problem that I am sure plagues a lot of CFZer's

>>Buying gold in hand gets to be a risky and difficult proposition for people with more than a million dollars to invest. ($1,000,000 / $320/oz. = 3,125 oz. = 195 lbs.). This is particularly troublesome for the wealthy, because they are among the older generation. Some would not feel comfortable with too much physical wealth in their home. Not even with a safe or panic room. Many of those who could invest might not be physically capable of loading up 200 pounds of gold in the family car. What if you had $10 million to invest, or $100 million to protect against dollar devaluation? Could you find a car that could carry a ton, or ten tons? There is a community of thousands of people who all have this much wealth to protect or more. If you couldn't carry or load that much, could you trust the hired help to keep their mouths shut about what they are lifting? Oh, the problems of the truly wealthy.<<

Then there are the ramblings of this guy <G>

>>Dollar weakness continues to be the thing to focus on at the moment. So far, the selling in the dollar has been a slow drip, but if we get a bad currency break in the near future, the selling in stocks is likely going to accelerate dramatically.<<
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