[Novalug] OT: Investing -- How to -- precious metals

[Jay Hart]

I'll be the third party.  I have a SC (security clearance), so I'm trustworthy.

Jay

> On Fri, Nov 6, 2009 at 12:10 AM, Paul D. Bain <paulbain at pobox.com> wrote:
>
>>
>>        Next year or the year thereafter (2011), the USA will probably
>> experience hyper-inflation as the US dollar becomes worthless.
>> Accordingly, I suggest that everyone buy precious metals, with one
>> caveat. In the USA, the market for silver is apparently being
>> manipulated, so buy _physical_ silver, _not_ a silver ETF such as the
>> ETF known as "SLV."
>>
>
> Fantastic!  I like a man who is sure of himself.  I propose a wager.
>
> We'll find some third-party who maintains something like an escrow account.
> I say escrow only to illustrate the idea, because I'm not entirely certain
> how this would actually be configured.  You and I will place equal sums of
> money in this account.  You'll take a position which reflects your dollar
> pessimism as stated above.  I'll take a more optimistic outlook.  We'll set
> this up so that the winner is determined on the outcome of certain day or
> range of days of a function of the CPI, TWEXB, a composite of the
> aforementioned, or something similar.  You get the idea.  I'm also willing
> to make similarly contrarian wagers, or additional wagers, on spot metal
> prices and metal futures.  There are certainly other provisions that would
> have to be made, which we can discuss further off-list should you be
> interested.
>
>
> Shawn
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