just sent out sos to lunch group, and i quote:
hello all, just back to hk and am enthusiastic for lunch tomorrow.
as tasked, i checked with china great wall coin, the official distributor of panda gold, as well as boc hq just now. bad news, in short, no gold, at any price.
the news from the front line is not good, for (i) debt deflation is doing an armed probe of our soft left flank, (ii) fiat inflation is doing a thrust up our soggy middle, and (iii) cold-hot-on-average-warm wars are doing an end run to choke off our path of retreat, and yet we cannot get reinforcement from gold camp, even as the price drops, true supply is nowhere to be seen, meaning our nav gets a drubbing, and we are prevented from averaging down, unless we are willing to accept paper substitute.
if so, there could come a day that gold hits 6000/oz but we would be precluded from selling same on officially sanctioned market. what a set up :0)
so, let's do lunch and digest the information.
chugs, j
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