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#11
Never do that! Putting the page file on a RAM disk is the biggest mistake one could do, because it negates the very function of the page file to begin with.
The page file is there to "simulate" that there is more RAM than really is installed. When Windows runs out of memory, it unloads the least recently used (at least, in theory) and saves to disk, so that memory is available to something else. But by putting it in a RAM drive, to simulate that extra memory, you're consuming memory. So, what you gain by the page file, you're losing on the RAM disk.
Because of that, putting the page file on a RAM drive is WORSE than disabling the page file altogether. The ideal place is a second, physically different hard disk, or the system drive if there is nothing better. But never on RAM.