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Non-Tech : Invest / LTD
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To: Lucretius who wrote (4045)10/10/1998 5:24:00 PM
From: Alias Shrugged  Read Replies (1) of 14427
 
Beebs - I read that Princeton piece. Pretty wild.

Could be that in a panicked rush to liquidity gold is also sold. Massive selling by Central Banks would be quite ugly.

But let me throw out a thought and maybe all of us could bat it around. Let's say the financial superstructure sitting atop the real economy implodes. The next day, somebody in Japan wants to buy gasoline for the family Toyota. So the Japanese oil Company goes to the Saudis to buy crude. The Saudis have seen virtually every currency, include the mighty USD, careen violently about, mostly in a down direction. Sensing massive reflation is only a moment away, the Saudis quote the price and demand payment in gold.

I think I might buy just a few more gold stock puts. Then, a violent correction in gold stocks allows me to buy calls like a madman.

Mike
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