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To: GST who wrote (71721)8/4/1999 3:22:00 AM
From: Bill Harmond  Read Replies (1) of 164684
 
GST, We're not Argentina. We're the USA. The country with the world's reserve currency: US Treasury bonds. Those markets are too broad and deep and liquid to become destabilized permanently without a big change in US fiscal policy.

Right now we're retiring bonds. That makes them better investments than gold for foreign central banks.
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