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Politics : Stockman Scott's Political Debate Porch

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To: augieboo who wrote (417)6/13/2002 12:16:06 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
gold futures contracts vs gold miner stock vs the metal

this is the current problem now
the greatest leverage comes from long gold futures contracts
(even greater with options on futures)
but this instrument contract is called PaperGold
owning it, even in large numbers, will not easily push the gold price up enough to crush the Gold Cartel

gold miner stocks offer nice leverage also
one can sidestep the volatility of futures, their mark2market quick death experiences, and margin requirements
stocks can run 3-5x faster than the metal itself in pct terms
because leverage is based off mining cost per oz gold

the real way to crush the Gold Cabal bastards is to own gold itself
just like the Japanese, Chinese, Indians, Arabs are doing
Asia is in full control of the gold price now
GOLD METAL MUST RISE TO SUCH LEVELS THAT THE PAPERGOLD SOLD SHORT BY THE CARTEL IS FORCED INTO LIQUIDATION VIA MARGIN CALLS

THAT IS WHY I AM EXCITED FOR CANADA'S CENTRAL FUND
it is a mutual fund allowable by Canadian govt for pre-tax retirement savings
Canada is leaps & bounds ahead of the US in this regard

then again, the entire US economy has vested interest in the broad stock market
and in deceiving the public on the recession
and in deceiving the public on inflation, productivity, and unemployment

it was good to read about the Minneapolis retail gold and silver dealer whose business is up 10-fold over last year
THIS IS HOW TO BREAK THE GOLD CARTEL !!!

buy gold, some gold, then more stocks
I own some silver, but it is collector coins
/ jim
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