---------------------------------------------------------------------------
2008 International Goan Convention
Toronto, Canada
Early Bird Discount Registration closes March 31, 2008
http://2008goanconvention.com/registration.html
---------------------------------------------------------------------------
Gabe Menezes wrote:
>> COMMENT: Gold is down, give or take, depending on what price you paid,
>> about 5 percent since. You could try the Irish job, what they call
>> 'Dublin' ( double up for an average ) Or you could try, what they call
>> bottom fishing and end up with smelly fingers !
>P.S. Ouch ! , Scrub that out, gold is now more than 10 percent off its
>highs in the Far East (1032).
>Panic not, take the physical and make it into nice ear rings/nose
>rings, perhaps one of those chains worn by babies around their waist.
>Bache which was a client of the Bank I had worked for, got wiped out
>on Silver. The guy turned up at our office and gave me a souvenir
>silver bar. Now where did I put that bar :-))
Gabe,
Your trader instincts are showing ;-)
However, gold is more of an investment to Goans.
It has been that way for centuries.
Gold is down to $910 today, 12% lower than its peak. I have been buying gold
from $280. Every time it hit a round number like $300, $400, $500. $600, $700,
$800, $900 and $1,000 it faced resistance.
The time to sell gold, once again, is when you see pictures of people standing
in front of US banks waiting to buy bullion.
I like your idea of converting bullion to jewelry in the "almost worst case
scenario." It definitely beats the option the good folks of Citibank have now.
They are left with paper, lots of paper. Paper that was worth $10 BILLION
dollars yesterday is worthless today! I guess it takes a financial genius to
make a loss of $10 BILLION in one quarter. Either that or the US banking system
is rotten to the core. But don't worry, there is a use for all that worthless
paper. At this very moment, ex-Citibank employees are using the paper to make
origami objects.
Gold jewelry or paper jewelry, the choice is yours......
Mervyn3.0
Be smarter than spam. See how smart SpamGuard is at giving junk email the
boot with the All-new Yahoo! Mail. Click on Options in Mail and switch to New
Mail today or register for free at http://mail.yahoo.ca
