Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (23580)	9/25/2002 9:44:46 PM
From: TobagoJack	Read Replies (1) of 74559

Hello Pezz, I got to the office early today, pondered the same thoughts as you here <<Don't wanna hafta go back to work>>, and sold half of my taels of paper gold at 4% gain from 1 month average holding period. I will buy the paper gold back when spot price hits below USD 311. <<Duzn't sound too exciting>> ... you are correct, my machinations are boring, but effective under the circumstances. I rationalize by believing I serve a social function in providing liquidity to a paper derivative of a useless metal that has the same status as the stone disks on the island of Yap;0) Message 17980716 You can trade paper gold as well, at kitco.com Pretty soon, at the rate we are going with interest rate, stock and real estate prices, we will revert to a world of gold trading, as in "daddy daddy, what do you do?" and "er, eh, I trade gold". Chugs, Jay

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