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Gold/Mining/Energy : Gold Price Monitor
GDXJ 130.28+0.3%Feb 4 4:00 PM EST

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To: Hawkmoon who wrote (38567)8/7/1999 9:04:00 PM
From: Rarebird  Read Replies (1) of 116960
 
< So you tell me where are people going to put their money? >

Gold,, Ron, the currency and investment of last resort, much to your chagrin and horror. The fundamentals of the US economy are Now Unattractive for anyone to invest in. Comparing the fundamentals of the US Economy with Japan won't help you here because Gold is now more attractive as an investment and currency for the Global Economy than the US Dollar and the US Financial Markets.

< The US is a safe haven for the very fact that we are surronded by two separate oceans and are the world's only mega power >

I know you can do better than that. Gold is now a much greater "safe haven" than the US dollar! You can have your US Dollar with the outrageous trade deficit, surging inflation, and lower productivity. Foreigners and Most the World want out of the US Dollar NOW. The Dollar has become a piece of crappola, garbage, not worth holding any longer. Gold has better fundamentals today. The deteriorating fundamentals that lie behind the most recent erosion in the value of the dollar, is a wake up call for the World to put their resources behind the most stable currency in the World, GOLD And it will happen as Gold rises from the Dead.

I say again: The Dollar is Dying ( as all fiat currencies do) and so is the US Stock and Bond Market.
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