Date: Tue, 27 May 2008 12:42:55 -0700 (PDT) From: Mervyn Lobo <[EMAIL PROTECTED]> > The flip side to the above is that, IF,??one hundred?oz. were bought at $280 and?twenty eight?oz.?at $1,000 ?then the average price would be $437.50. Once again, this is a big "IF" i.e.?assuming that?I was?doing nothing while the?POG went from $280?to 1,000+.?Gabe knows?that I was actively?trading gold too and he only gave you the?simplest?scenario?so that? even you could understand.? > Mario responds: > The flip side to your flip side would be if those who took your advice and were not as astute as you who had bought all the way from USD280, bought a ton of gold at USD1,000 under your expectation that it was going to USD1,650, and now it's hovering around USD900. Ouch! > I have no idea what Gabe knew or did not know - the fact is his simple averaging makes even less sense if he knew of your active trading. > Mervyn wrote: > Please try and remember that the secret to financial success is to "buy low, sell high"? i.e. buy plenty?when the price is low.?The?clearest signal to buy gold?came from George Bush when he?started his?drunken spending?spree,?spending more money than he was collecting in taxes.? > Mario responds: > Buy plenty when low and sell plenty when high, hanh? Wow! Who would have imagined that that is all it takes?:-)) I have now made a note so that I never forget:-)) > That's all we have to do, hanh? Now everyone on Goanet can run out and get rich:-)) > And here I thought that all it took to get rich was an incredible piece of luck:-)) > The one problem I see in all this is that not everyone is not as astute as you at reading these obvious signals, especially the dummies on the other side of all your trades, who were selling to you low when they should have held and buying from you high when they should have held off:-)) > By the way, just to correct the record as to how the US government works, it is the US Congress that is responsible for federal spending, not just President Bush. >
