I'll tell you what. As I write the price of gold is $1313.80. Since you have so much faith in the U.S. dollar I will pay you exactly that - $1313.80 - for every ounce of pure gold that you can deliver.

Would you like some of that action? Put up or shut up.

ETA: The same offer applies for pure silver at $21.02 per ounce.

This post was edited on 7/18/14 at 12:37 am

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Posted by LSURussian

Member since Feb 2005

126962 posts

Posted on 7/18/14 at 1:47 am to Swampeast

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Posted by ItNeverRains

37069

Member since Oct 2007

25572 posts

Posted on 7/18/14 at 6:40 am to Swampeast

quote:
I'll tell you what. As I write the price of gold is $1313.80. Since you have so much faith in the U.S. dollar I will pay you exactly that - $1313.80 - for every ounce of pure gold that you can deliver. Would you like some of that action? Put up or shut up. ETA: The same offer applies for pure silver at $21.02 per ounce.

Come back with that offer when gold hits 1500 and silver hits 35. It'll give the majority a chance to recoup.

I agree metals are not a bad play right now.

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Posted by BennyAndTheInkJets

Middle of a layover

Member since Nov 2010

5605 posts

Posted on 7/18/14 at 10:11 am to Swampeast

quote:
Put up or shut up

My job is to "put up" everyday, but by all means feel free to flex on a message board. I'm all ears.

I'm not bearish on gold nor do I have any holdings, so I couldn't deliver anything to you. I liked gold volatility when it was cheap a few months ago but that's about as far as I'll play with that metal since I'm not on a commodities desk. Also I hate to be the bearer of bad news to you, but the dollar has actually had a POSITIVE correlation to gold over the past year and a half, weak (0.12) but still positive so the standard "dollar down, gold up" theory doesn't exactly hold in all scenarios.

This post was edited on 7/18/14 at 10:13 am

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