GREY:GPLDF - Post by User
Post by
dmack17on Mar 22, 2008 3:36pm
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Post# 14760123
When the markets go all paper goes..
When the markets go all paper goes..Would I load up now,no.When the great crash came in '29 Homestake Mining(Gold) took a 20 percent hit with the market.A lot of these bank like entities own gold/silver etc. via paper.They will be forced to liquidate.I like GPR on a 1 to 2 year timespan,but in the meantime I would look at physical.There may be a physical/paper disconnect going on.I went to RBC(royal bank) in Calgary.They said they had no silver and they couldn't even guarantee delivery in 1 month, at any price.So silver hit $17,fire sale,try and get any though.Most silver contracts are future promises they can't deliver.
If your faith has been shaken,keep 50 percent physical and 50 percent GPR.When the crud hits the fan,you will be hedged.Eventually GPR will fly,they have the good guys(Management) and all that Aztecian Silver n Gold.$4.50 by Jan,after the crash (post election)?
"This is voodoo economics" Bush Sr. the real boss.