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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (20140)10/17/2004 10:20:11 PM
From: Condor  Read Replies (1) of 110194
 
Although in case of a market turmoil gold miners will also suffer from multiple compression. The market may well assign P/E of 4 to your favorite companies. Physical gold or gold futures may do better.

Ahhhh! there's the crunch. They may or they may not. Perhaps at $ 2000 gold and a collapsing global economy a P/E of 300:1 is acceptible.
It's not without precedent vis a vis.. the tech bubble.

Holding both would be logical ...diversify.......eh wot?

Cheers

C
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