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

[jerry w]

I'm IN.
I'll buy paul's lunch at the Taj today.
Make a "bond".  My investment is the lunch $.
I buy, we set the value aside.

Default goes to an XO (1.5?) for a kid here
in the US and somewhere abroad (lots of fighting
on that location, but keeps it interesting).

We connect the two kids,
and see how their lives are different
over time.


On Fri, Nov 6, 2009 at 6:42 AM, Jay Hart <jhart at kevla.org> wrote:
> 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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-- 
Jerry W