Mish's Global Economic Trend Analysis Message Board

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

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To: TobagoJack who wrote (42499)	12/9/2005 4:04:22 PM
From: Taikun	Read Replies (4) of 116555

TJ, For some fun this weekend, I might do some maths. Take US M3 at 10trl, for example Divide by the total number of gold ounces know to exist on the planet, 4.8bn...call it 5bn. $2000/oz I wonder what the cumulative value of all the developed nations' M3 divided by 5bn is? Even if the US M3 is up to half the global M3, you get $4000/oz. I had spent the past few weeks adding some gold pandas, as I noticed the collectibles hadn't moved as much and POG and I was enjoying the 8x leverage on my futures. I like the low mintage Gold Panda Proof sets from 1992-4, around 2000-2500 mintage. When the gold bull is parabolic, say after the Fed can't raise anymore for the housing market's pain, I expect these low mintage sets (only 1100 of the 1993s, for example, we officially exported out of China) will command a significant premium. I just wish I'd had the conviction to buy a bunch more futures when I did on 11/16, the night gold sliced decisively through $470 in Asian trade, when I made my major rotation into gold: Message 21889233 D

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