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To: jimsioi who wrote (9527)11/5/2007 5:27:12 PM
From: Crimson Ghost  Respond to of 29622
 
Here is somebody else who agrees with Sinclair.

oftwominds.com

But crashes are by nature very rare events.

The odds are heavily against those who try to predict them in advance



To: jimsioi who wrote (9527)11/5/2007 5:41:03 PM
From: gold$10k  Read Replies (1) | Respond to of 29622
 
Hi Jims,

If the financial system fails, then what ownership rights will anyone be able to count on?

All of my cash is either FDIC insured or in U.S. Treasury based money market funds. I have no debt. That is as far as I follow Sinclair's safety advice. That is also as much as others I respect are recommending.

vt



To: jimsioi who wrote (9527)11/5/2007 5:53:03 PM
From: loantech  Read Replies (3) | Respond to of 29622
 
Can't do it in an IRA. So scottrade or whomever has my share certificates. I have zero bullion. Just a chump with lots of gold mining paper and some of it with hedges in fact my largest position is a hedger........ WGDFF soon to be a wrestling stock WGW on the AMEX this coming Thursday.



To: jimsioi who wrote (9527)11/5/2007 10:04:07 PM
From: ecrire  Respond to of 29622
 
This whole derivatives matter is hidden from public view so Sinclair and others are assuming the worst because of its enormous size. His views are extreme, certainly eye catching.

It is the business of the Fed to prevent an unthinkable financial meltdown even if it means grotesque infusions of capital.Needless to say very bullish for Gold if the Fed's aggressive intervention became necessary.