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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (5538)7/3/2001 6:03:48 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi Maurice, <<That's cool! I didn't know they had photography when Aztecs roamed the earth.>>

Beautiful, is it not:0)

I just bought another lot of physical gold today.

I have an idea, but need a lawyer to validate the legality (help, CobaltBlue), for Buffet or anyone in his wealth category to implement:

1. Position via leveraged derivatives in the proper direction on securities of various large gold mining companies and heavily short gold investment banks (GS)

2. Buy NEM, AU and ABX outright, under different corporate entities

3. Restructure mining assets and hedge book obligations amongst the three companies, making sure that one chosen company ends up with all the costly mines and North American mines and all of the hedge obligations (say ABX), and another company chosen ends up with all the low cost mines and none of the hedge obligations (say AU in South Africa)

4. Spin-off ABX and let it sink below the waves, along with all the now to be defaulted hedge obligations

5. Call up GS, give them the good news and squeeze hard

6. Refuse to take any calls from the Maestro

7. Sit back and collect on all the pre-positioned leveraged derivatives on all the other gold companies and investment banks, then

8. Close all open positions and take boat to the Bahamas.

Chugs, Jay



To: Maurice Winn who wrote (5538)7/3/2001 8:35:29 AM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hi Maurice, Mystery is solved ...

<<Luang Ta Maha Bua, or Grandpa Bua as the abbot is affectionately known, handed over 55 gold bars weighing 687.5 kg and a $300,000 cheque to central bank governor Pridiyathorn Devakul at a special ceremony.

At current international prices, the gold is worth around $5.96 million.>>

Message 16025505

Chugs, Jay



To: Maurice Winn who wrote (5538)7/3/2001 5:05:27 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 74559
 
<<It really does seem weird to see actual humans worshipping at an altar covered in gold like some cargo-cult baying at the gods to deliver them from their penury.>>

I take it, then, that you've never been on the trading floor of the NYSE!<G>