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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: BGR who wrote (46014)6/9/1999 10:19:00 PM
From: Cynic 2005  Read Replies (1) of 86076
 
<<5. Is considered by many to be a hedge against inflation. That belief alone - and nothing else - makes gold a hedge against inflation. >>
It is no different than the confidence game. The big difference is that gold was time-tested (for thousands of years, I might add) as a medium of "value" and exchanged between generations.
One Dutch Central Bank, one IMF, one BOE, one BGR are can not change this perception during a period in which fiat money has gone hog-wild. One thing people should learn to respect is what history taught us about ourselves. Human behviour in groups is predictable. It is a temporal truth which holds good across all geographic boundaries, religions and races. <eos>
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