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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.19

-1.4%

Jan 7 4:00 PM EST

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To: Greg Ford who wrote (3381)	11/21/1997 6:44:00 PM
From: PaulM	of 116844

That's "in your face" journalism if I've ever seen it. Looks bleak, doesn't it. Why make all this expensive gold for the jewelery industry when we have lots in our vaults? You can pay us (the citizenry) paper dollars for it, which we know will maintain its value through the centuries because us central bankers and govts will adhere to non-inflationary policy through the centuries. IMO, if the CB's really were going to sell large scale, the price would be talked up, not down, ....and they certainly wouldn't all be selling at the time, even if the centuries-in-the-making discovery that we need nothing of value in our central bank vaults is just now dawning on us. Necessity is the mother of intelligence. When things go awry--whether inflation or deflation--capital will again rediscover what safety means.

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