Platnium used as a trap to drive gold price sky highgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
From USA Gold Forum:
****Speculation news flash***** ****After going through the desert on a Horse with no Name...i heard this from his mouth.... Platinum is being set up as a tool to push gold to the $400+ level and kill the shorts at $390 DEC....How? by first locking the back door on platinum (raising the lease rates to 75%) while at the same time selling into the spot market on platinum to hold the price down. Now that the platinum shorts are trapped inside the house, set it on fire by buying platinum heavily....WHY?? Platinum is a thin market and can be easily manipulated in this way...Why?? to cash in on the Gold Market...Say What?? ... A huge price run in platinum would stampeed the whole herd... Thus set fire to the tender dry brush of gold and force the shorts of DEC $390 to cover.....CLEVER NO? ....The Platinum end game Gambit brought to you by those clever Swiss Gnomes...and European alies.....Think now... remember how platinum acted before gold began to move...and how gold moved just before the big anouncement??? Why has the platinum lease rate skyrocketed while the prices of Gold, Platinum, Silver has tracked sideways??.......
Just Remember Where.. you first read this....
Its getting interesting!
-- David Holladay (email@example.com), October 09, 1999
Thanks for the pivate e-mails. Did you read the latest from FOA? At USAgold... make sure your six-pont harness is nice and tight, and don't forget to buckle your helmet... I've chickened out on my gold stocks, back into Bearx and buying more physical first thing Monday morning - whatever the price :)
-- Andy (2000EOD@prodigy.net), October 09, 1999.
I think you are wise. ASL sure messed up the gold stocks. The chances to profit from gold mines before the price explosion look dimmer and dimmer.
It all comes down to buying physical and holding it.By now it is a constant refrain. I will let others play to puts, calls, and options. I cannot figure them out. I certainly cannot figure out what to play with y2k and massive defaults breathing down the neck of the markets.
-- David Holladay (firstname.lastname@example.org), October 09, 1999.
sorry if I may be the party pooper,but understand this.The Gold manipulators..banks and hedge funds (shorts)are about to have their heads handed to them on a platter.Buying gold will accomplish nothing the system is in jeopardy,I do not believe it will survive.Spend you're cash on tangibles...food water,home in the country etc these will serve you well in very hard times.Gold is a store of value,if system survives..IT WILL NOT.330$ buys 1ounce of gold...also buys 1000lbs of wheat...human can survive 1year on 300lbs of wheat.When buying Gold....remember this 1ounce of gold or three years of survival...THATS A NOBRAINER.D'ont fall into the same trap(GREED)that got us all into this mess.
-- Ponzi (its@allOver.ButTheCrying), October 10, 1999.
You guys with real money should be looking at LAND! ACRES! Even gold (which I must admit I have some) is not as valuable or speculative as LAND! Find the real gold in the hills! If I told you where, you'd know where Gary North lives, and he wouldn't like that!
-- space (email@example.com), October 10, 1999.
Thanks for the reminder Ponzi. I have already done all my preps. I am ready. My family is not. The reason I am going all out on gold and silver and stocks is to have enough spare that I can give to them when times are hard. If it's a 9 or 10 then we're all in deep merde :) Hoping for much less than that - we'll see soon enough...
-- Andy (2000EOD@prodigy.net), October 10, 1999.
Being a financial no-brainer (literally) I have no idea how platinum relates to gold. However, if the current trends continue then I see gold overtaking platinum in value (again?).
Regarding secure investment, I agree with Space above - LAND. We've bought 100 acres on the Big Island of Hawai'i. Tens of thousands of acres still for sale, usually very reasonable (sugar companies have moved out, leaving vast acreage behind, driving prices down to a 15- year low), and almost always with ocean view! Feel free to contact me for more info and assistance on Hawaii2K!
I didn't want to sound too smug on the firewood thread below... the simple fact is you don't need it here, at least not for heating.
-- Y2KGardener (firstname.lastname@example.org), October 10, 1999.
Isn't it still true that a person "leases the land" and no one can own it.I forgot the legal term for it.My brother has lived there for about 20 years.
-- Maggie (email@example.com), October 10, 1999.
There may be something about just leasing in Hawaii, I wouldn't know. However, consider that even in other states, if you think you own land free and clear, think again. Consider if you don't pay "your" property tax, you will find out who the real owner is. (Hint: government).
There is very little, if any, freehold land in existence anymore (aka land patent, allodial or alloidal (sp?) title).
-- A (A@AisA.com), October 10, 1999.
Gold could overtake platinum but both will have roughly the same increase. Gold is more secure now that the Euro uses it for backing. Platinum is more rare and is more useful industrially. Also, platinum has never been confiscated.
-- a (firstname.lastname@example.org), October 10, 1999.