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Re: a very good argument for buying gold
Again, you have mistatements of fact. Lehman and others were ALWAYS allowed to hold derivatives and MBS. G-S had NOTHING to do with that. Lehman was levered 35-to-1...that's why they went under. Even owning 100% AAA Treasury Bonds at 35-to-1 leverage leads to blowups. See: Carlyle Capital. :) Subprime lending has nothing… -
Re: a very good argument for buying gold
You obviously don't understand context. I didn't say billions was one transaction. Again, one can do a lot in 40 years. Your contempt of some blinds your common sense. To the point jmski and Goldfinger are bantering about.... I have a friend that sells about $30 million in real estate per year. She's been doing it for 40… -
Re: a very good argument for buying gold
I know lots of people who worked at Bear Stearns, Lehman Brothers, WaMu, and dozens of other banks over the years. Many never got another job in finance. That's a fraction of the lobbying spent by other companies or industries. Public employee unions give BILLIONS each year. Citibank got diluted to hell in 2008...their… -
Re: a very good argument for buying gold
How has his "advice" been from an investment POV ? Not necessarily his advice, but I couldn't be happier about the gold I've accumulated. I'm going to sell some 1/10th ozers this year to finance a home improvement project that will net me > $20,000 energy tax credit and leave me with $80,000 to re-invest. I have to have a… -
Re: a very good argument for buying gold
The discussions on all the factors influencing gold price and value is just mental masterbation. I respectfully disagree. The fact that "technicians have been wrong before" doesn't add any validity to the proposition that the reason wealthy investors may be buying gold because of a cup with handle chart formation. Chart…
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