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Strategies & Market Trends : Value Investing
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To: Shane M who wrote (7747)7/13/1999 10:42:00 PM
From: James Clarke  Read Replies (2) of 78480
 
Shane, that is not a dumb question at all. It is why I will not buy gold stocks or gold, unlike other value investors. I buy financial assets, which are backed by cash flow streams I can understand. Gold is worth what somebody will pay for it - period. In my opinion, it is a purely speculative asset.
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