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Politics : To be a Liberal,you have to believe that.....

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To: long-gone who wrote (3136)9/18/1999 9:31:00 PM
From: Lizzie Tudor  Read Replies (2) of 6418
 
Man, you are really hung up on gold. No offense really, those guys on the bear thread are just like you. I am not a gold expert but I believe gold acted as a sort of component to the world economy when we had the gold standard in the 70s... and that is the whole reason for gold to be considered an inflation hedge! Gold is hugely plentiful and it costs more to dig it up than it is worth. Of course the former eastern bloc is dumping its gold... who needs it?

As far as this Hillary gold conspiracy... well, I might be interested if lets say Hillary went long gold at some point and some unforseen thing happened... but to short gold is a pretty obvious play... and then gold went down, no surprise there... the only reason more people don't short gold is because you can make more money almost anywhere else.

Why not just leave gold behind and invest in technology? Like those bear thread guys, they are really whipping themselves up into a frazzle. Forget gold, its not worth it... jmo.
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