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Re: 10 bagger post# 44513

Tuesday, 05/23/2006 8:18:52 AM

Tuesday, May 23, 2006 8:18:52 AM

Post# of 173846
Gold - 10bag, I saw that too, but I didn't take that to mean a 20% discount, but rather margin that had to be put up until delivery occurred (delivery starts in fourth quarter). Sort of like a futures contract.

But even if one does view it as a 20% discount, the numbers still don't seem to work out. Gold's at roughly $650. 80% of that is $520, still substanially more than the price being paid ($415).
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