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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Tommaso who wrote (11548)9/9/2004 10:43:25 AM
From: TobagoJack  Read Replies (1) of 116555
 
Hello Tommaso, <<I now wish I had stocked up on platinum coins five years ago and I congratulate anyone who did>>

... thank you. And now we get ready for Message 20493000 which will be available to be bought here in HK as bullion Message 20493008 or the US as numismatic.

References from the iDotNet and eslashCom days:

Message 13973145 <<June 30th, 2000
... healthy dollops of gold and platinum to hedge a world I do not quite understand ...>>

Message 14000098 <<July 6th, 2000 ... One doesn't actually buy gold and platinum, but one exchanges cash for them as they are "near-cash".

Once again, I say gold and platinum (not diamond, for the market is ultimately artificial and GE can manufacture it), lots of it, in flight bags, stored in deep vaults, kept company by flight tickets to some islands with grass airstrips, inexpensive huts, good food and friendly people.

Neither the US nor the Chinese governments are selling gold as everyonelse is selling down reserves builtup in generations. Some body is wrong on this one.>>

Message 14005376 <<July 6th, 2000 ... Safe deposit is stuffed with Aussie platinum coins collected in the past 10 years. These are not meant as an investment at all. Simply an anchor for the boat. Thinking of it as a mini-precious metal backed country named Jay. Yup, we overseas Chinese are nuts, believing in nothing official and trusting no one we can not lay our hands on.>>


Message 14680519 <<October 28th, 2000 ... I am not a raving gold bug, closet or otherwise. I have and do own some gold and a satchel of platinum coins. The platinum coins were purchased over a period of my investment life since 1986, at an average price below USD 350 per troy ounce. The gold coins are mostly of the commemorative variety bought at premium to market price for gold. These metals constitute less than 3% of investment assets.>>

Message 14861804 <<November 22nd, 2000
Hi Ron,
I introduce myself to provide some context to my views as an offshore investor. My home is in Hong Kong and my base currency is the US Dollar. I am at 8% equity, 8% bonds, 3% platinum coins, and rest in cash.>>
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