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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (254068)8/5/2003 1:52:48 PM
From: Haim R. Branisteanu  Read Replies (1) of 436258
 
Not so sure this FED and other CB's were able to talk any one out of gold as a store of value. One of the CB's biggest achievement is sadly the fact that people believe more in FIAT MONEY instead of real store of value.

It will take some major crisis to change people view and when that happens gold will go easily above $1,000, but I do not think that CB's will let this happen.

As to the issue of value of gold I would say that gold is undervalued and the USD is overvalued ........ but regardless what I think the market indicates differently.

There is no question in my mind that financial markets are manipulated including gold
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