Paulson advises hold, sells half his fund’s gold

JoongAng Daily ^ | 08/16/2013 | JoongAng Daily

[TexGrill]

Global business tip

[djf]

The squeeze may be on.
They say there are 43 paper claims for each oz of physical.
When the music stops, that’s a lot of rump on the floor!

I still say the best investment is baked beans!

[TexGrill]

“I still say the best investment is baked beans!”

I may disagree, I’m betting big-time on canned tuna

[djf]

Somewhere I still got a couple cans of Y2K tuna... want em? I’ll ship ‘em to ya!

;-)

[cherry]

that John Paulson....he should be in jail....still want to know what happened to all those billions he just HAD to have before the 2008 election....he sure played his part well....

but as to tuna fish, is it safe to buy still?....

canned tuna, salmon,ham,beef,spam....

[djf]

Tuna is safe.

I have a geiger counter and haven’t detected any hot food...
not yet, anyways.

Doesn’t mean it can’t/won’t happen, though.

[TexGrill]

I’m gonna ride it all on canned tuna that spam stuff just doesn’t smell like the right investment for me.

[31R1O]

Are you thinking of Hank Paulson and TARP? Isn’t that what was going on right before election ‘08.

[Jet Jaguar]

Goldbug Ping.

[Jonty30]

That's all more for Ron Paul. 😊

[Republican1795.]

Holding onto gold is better than selling it as its value will never drop so low as to be worth nothing.

[kevao]

That’s the next scandal I’ve been expecting for the last couple years — that the vault in London, which supposedly houses all the gold for the iShares Gold Trust, is as oversubscribed as “Springtime for Hitler.”

[ckilmer]

Holding onto gold is better than selling it as its value will never drop so low as to be worth nothing.\........

Think about what you just said for a moment.

[sten]

he didn’t sell gold... he sold paper

the story is meant to keep the price from rising

good luck with that

[TexGrill]

[TexGrill]

[VerySadAmerican]

The big guns say they’re going to sell their gold. Then everyone starts selling THEIR gold. Once the prices stop dropping all the big guns suddenly change their minds and buy gold instead.

[TexGrill]

Good investment tip

[dennisw]

ping

[dennisw]

You men eat your dinner, eat your pork and beans
I eat more chicken, than any man ever seen, yeah, yeah
I’m a back door man, wha, the men don’t know

But the little girl understand
Well, I’m a back door man
I’m a back door man
Whoa, baby, I’m a back door man
The men don’t know
But the little girls understand

(Doors lyrics)