Post
Topic
Board Economics
Re: Gold: I smell a trap
by
cypherdoc
on 02/10/2011, 16:29:21 UTC
@misreality:   you sir are trapped in physical bullion as your main financial holding.  thats clear from your posts so don't try to suggest otherwise.  you have a huge vested interest in pushing the pm price so as to not only profit but also to prevent catastrophic losses.  you are locked into the most illiquid of all assets.  if the price plunges from here as i suspect, you could be bankrupted.

i've been open from the very beginning that i am short pm's and that i've sold most my bullion.  and i took that position before the recent plunge. if i get the sense that i'm wrong on my call, it will take but a keystroke to stem my losses.  

i conclude that my arguments on this thread are much more neutral and unbiased than yours.