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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: mt_mike who wrote (51853)5/21/2002 3:52:29 PM
From: Jim Willie CB  Respond to of 65232
 
Mike, what official response by powerful when ugly?
seriously, the powers that be will respond
I put out a couple potentials

they might make two dollars
they might institute a gold windfall profit tax
they might confiscate gold

what do you think is realistic?
curious about your views
been thinking lately that US Govt will not react lightly
eventually I think the US Govt will realize they sold off 50% or more of its gold treasure
and they want to STEAL it back

tia, Jim



To: mt_mike who wrote (51853)5/21/2002 4:30:53 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
I am selling nothing... longterm investor
my plan is to avoid missing those 20-30% updays
e.g. today
I was actually in the emotional dumps early last week
gold had pulled back, my stock had slipped 10%
and it seemed elusive for gold to loosen the Cartel's grip

no, I sell nothing here
I will accumulate smallcap and microcap gold miner stocks
these next few years will make history
and I want in on the entire enchilada
I hope and plan to sell small amounts later for profits
and squirrel away into silver proof coins
I expect these to rise at least 100-fold in value
but it will take a near complete depletion of silver first
someday I might sell them near 2010 outside the country

I expect tyranny to return to the American Landscape
our fickle US Govt can turn on a dime into a Tyrant
and it will, when it becomes desperate
it will stubbornly avoid the solution of a gold-backed US$
until it cannot avoid it
after much pain, suffering, turmoil, chaos, and depression
AND MASSIVE WRITEDOWNS OF THE US TREASURY DEBT !!!
/ jim