Posted by guest , Apr 03, 2009 1:40PM

Ca$h For Gold is the new killing it.

Posted by guest , Apr 03, 2009 1:44PM

@1 why do central banks continue to dump gold?

Posted by guest , Apr 03, 2009 1:44PM

do you think Paulson will buy my grill?

http://www.goldteeth.com/images/invisible-sets2.jpg

Posted by guest , Apr 03, 2009 1:45PM

@1 why do central banks continue to dump gold?

Posted by guest , Apr 03, 2009 1:46PM

Would love to get a look at the video cam and see who went in to sell.

Posted by guest , Apr 03, 2009 1:46PM

It's insane that this is taking place in Greenwich (Old Greenwhich, the even tonier section, no less).

Posted by guest , Apr 03, 2009 1:47PM

@5, What happens after a night of heavy drinking and a large cup of coffee the following morning?

Posted by guest , Apr 03, 2009 1:47PM

@ 3 and 5

if you can print your own money and make it worth whatever you want why would you need gold?

Posted by guest , Apr 03, 2009 1:47PM

@6- cohen, lampert, gendell...who else?

Posted by guest , Apr 03, 2009 1:49PM

will the Noel family be attending?

Posted by guest , Apr 03, 2009 1:51PM

7-wtf are you talkign about?

Posted by guest , Apr 03, 2009 1:53PM

The G'wich Hyatt is literally around the corner from SAC. So, maybe some of those gold-plated fixtures might end up there.

Posted by guest , Apr 03, 2009 1:55PM

@12- what am I talking about? Gee, let's see...I can see something so lowbrow and tacky taking place in a shitty town, where the residents are so strapped for cash they have to sell their shit, but the fact that it's taking place in Greenwich, one of the wealthiest towns in the country, is scary. How did you not understand that?

-7

Posted by guest , Apr 03, 2009 1:59PM

@13- do you remember the gold boat they had in the lobby of SAC? one of stevie's art pieces? that could end up at the Hyatt too.

Posted by guest , Apr 03, 2009 2:00PM

@7: I think he is asking why you are referring to Old Greenwich as "tonier". Old G'wich is a small village at best, right on the Stamford border. The Hyatt itself is nice (as Hyatts go), but Old Greenwich is hardly as tony as central Greenwich.

Posted by guest , Apr 03, 2009 2:20PM

I received a full service massage at this Hyatt last year. Worth every penny.

Posted by guest , Apr 03, 2009 2:25PM

Speaking of Greenwich...

Does any one know if the G'wich train station is still as busy with Wall St commuters as it used to be?

Last time Mrs. TGFD rode thru there, she said it wasn't.

The Guy from Delaware

Posted by guest , Apr 03, 2009 2:28PM

@18: I have a commuter parking pass for the indoor Greenwich train "plaza" - the 5 year wait kind. The garage used to be packed. Now, you can catch a 10am train and still get a spot near the door closest to where the train lets you out.

The trains are still crowded, but instead of having to stand in the vestibule with 25 others on the completely packed 7:19, you stand with just a couple others. And there are some middle seats available.

Posted by guest , Apr 03, 2009 2:28PM

@18

That's because they were all under the platform waiting on Mrs. TGFD...

Posted by guest , Apr 03, 2009 2:42PM

Clown@#20...

Yeah. They were down there waiting alright. Waiting and hoping that Mrs. TGFD might stop on her way thru and stick the heel of her medium pump in their direction so they could suck on it.

The Guy from Delaware

p.s. @#19...Thanks for the update.

Posted by guest , Apr 03, 2009 2:55PM

@1.. how do you 'naked' short sell gold? it's a commodity that is physically settled.. if you don't have it- you have to get it- or you roll your contract.. stupid comment

Posted by guest , Apr 03, 2009 3:18PM

@22 Who in hell is going to audit the bank vaults for gold? They can create "virtual" receipts that are never verified. The ECB had to sell DB gold before the comex delivery on the 31st.

Posted by guest , Apr 03, 2009 3:29PM

@7 - you must be from stamford. Old Greenwich is not the 'tonier' part of town, much like Harlem isn't the tonier part of Manhattan.

Posted by guest , Apr 03, 2009 3:40PM

16 and 24- exactly

Posted by guest , Apr 03, 2009 3:55PM

The 7:39 and 7:49 trains are always crowded (mostly middle seats)

Posted by guest , Apr 03, 2009 3:58PM

@23- you're missing the point. the futures market is a zero sum game.. for every winner- there is a loser. there is a finite # of contracts.. you can't 'naked' short sell a future. do you think you get a 'borrow' on a future, or that you are borrowing someone's gold to short it? when it comes time to settle- you pay up- or pay the price to roll.. like we saw with oil in the fall- there is a cost to roll---- just as you say in your post- DB had to get the gold to deliver

Posted by guest , Apr 03, 2009 4:01PM

@23- you're missing the point. the futures market is a zero sum game.. for every winner- there is a loser. there is a finite # of contracts.. you can't 'naked' short sell a future. do you think you get a 'borrow' on a future, or that you are borrowing someone's gold to short it? when it comes time to settle- you pay up- or pay the price to roll.. like we saw with oil in the fall- there is a cost to roll---- just as you say in your post- DB had to get the gold to deliver

Posted by guest , Apr 03, 2009 4:04PM

@23- you're missing the point. the futures market is a zero sum game.. for every winner- there is a loser. there is a finite # of contracts.. you can't 'naked' short sell a future. do you think you get a 'borrow' on a future, or that you are borrowing someone's gold to short it? when it comes time to settle- you pay up- or pay the price to roll.. like we saw with oil in the fall- there is a cost to roll---- just as you say in your post- DB had to get the gold to deliver

Posted by guest , Apr 03, 2009 4:05PM

@27, you're missing the point. you only have to click post once, you idiot

Posted by guest , Apr 03, 2009 4:09PM

@27 CFTC regulations require a 90% cover on all deliverable metals contracts. If the gold came from the ECB, then DB violated that rule.

Posted by guest , Apr 03, 2009 4:09PM

worst site to post on..ever

Posted by guest , Apr 03, 2009 4:20PM

@32- yeah, that's right, blame DB for you being a retard and clicking over and over.

Posted by guest , Apr 04, 2009 10:30AM

Props to #30....well played...