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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Hawkmoon who wrote (53482)	6/1/2000 3:55:00 PM
From: Don Lloyd	of 116764

Ron - [...Btw, if we ever did return to a metal backed currency, I would certainly not favor gold simple because its rarity is out of proportion to the world's ability to grow economically...] If you were to worry about gold as a currency, it should be a worry about a high rate of increase of quantity, not its scarcity. Any amount of gold will support any growth rate of an economy, with its value in goods-exchange automatically adjusting as required. Regards, Don

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