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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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With the FED printing he is betting Gold is going to go much higher..and raise his share price.
He is bailing out of problematic banks that may get stuck for big loan losses as all that credit starts to default.
BA last time around had lessor or little exposure to the subprime problem..Which indicates that they are wary and cautious. Read that as risk adverse.
So BOYZ it is a matter of nuance..He has gone to Gold as a hedge and even profit as he sees the FED printing a whole lot more money which pushes the USD down and Gold up.
BA says 3000 oz Gold...
Just BA saying that tells ya what in light of Buffet buying Gold amd that bank stock..what is Ba doing with their Gold position?
Such simple folks..
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