[Novalug] OT: Investing -- How to -- precious metals
jhart at kevla.org
Fri Nov 6 06:42:04 EST 2009
I'll be the third party. I have a SC (security clearance), so I'm trustworthy.
> 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
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