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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (31197)3/17/2008 5:55:42 PM
From: y2kate  Read Replies (3) | Respond to of 218093
 
Congratulations to all of you--the Gold believers have been proven to be absolutely correct.

Gold has hit this thread's target...what is next-- Gold to 2000? 5000? Or is it time to sell? I see some of you buying the ultrashort ETF--or is that just for a trade? I remember when the brilliant Jim Willie was beating the drum for gold 4-5 years ago. Wish I'd heeded his advice. Haven't seen him post recently around here, but I hope he is somewhere enjoying his money!

But here's my real reason for writing--I have an open question for the board: how does one buy physical gold, and what is your preferred medium?

I've gone to Kitco and I see the various coins and bars...but then there seems to be some debate about whether the bars would be harder to liquidate in a crisis, or whether this or that coin is 'raw' or 'first strike'...? Thoughts?

Thank you,

Kate



To: carranza2 who wrote (31197)3/17/2008 10:15:44 PM
From: Cogito Ergo Sum  Respond to of 218093
 
for fun (OK maybe I'm warped) I thought I'd peek @ the 10 year BMO (Bank of Montreal) chart on the TSX...

Message 24414853

The Black Swan



To: carranza2 who wrote (31197)3/18/2008 9:12:00 AM
From: TobagoJack  Read Replies (3) | Respond to of 218093
 
just in in-tray

QUOTE
Met with one of the very largest Private Equity / Distressed firms with impeccable political and economic contacts.

Their view:
Major bank failure to come - probably in Europe (within the next 3-6 months).

"It will make the Bear Stearns failure look like a pimple on a bum."

Also:
They are excited about the opportunities going forward.
They are "scared" about their existing investments.

If it is a European Bank, will that then tank the Euro?

I think that would be an outstanding time to short the Euro.

However, does the Euro go to 1.70 before it turns?

UNQUOTE