Posted 05/10/2005 6:49 pm
quote:
Originally posted by Susanlynn9
I also think it's interesting that he recommended selling the remaining coins off "slowly". Think maybe he's trying to buy a little time to make up for even larger unaccounted for funds?
It's not as if selling off $50M in coins will flood the market, even if sold at once-unless holdings aren't diversified. Its also interesting that defenders of Noe have noted that he has made money for the state- as ND stated, it is easy to show paper profits without making any money (Enron was showing wonderful profits right up until the bitter end...)
In this coin market, he'd have to be grossly incompetent or a crook to have lost money over the past 5 years- and I doubt he's incompetent I hope we'll soon see whether or not he's a crook.
