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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Alex who wrote (42453)	10/8/1999 11:02:00 AM
From: Tunica Albuginea	Read Replies (1) of 116764

Alex, the big positive about gold is that finally paper money ( i.e. Government promises ) is starting to loose credibility. We now have a giant number of baby boomers approaching heart attack, stroke and cancer age and retirement. Until now many seniors have received the golden-golves treatment: -all expenses paid for body abuse ( i.e. obesity and smoking ). -stock market gains of 30%/year allowing trips/life in Arizona's rich condo communities. The above lifestyle and payments ( especially in health care ) are no longer possible. And yet the rub is that Governments haven't even started to break the bad news to the baby boomers. They think they have a right to and will get all of above. When Government starts to raise taxes to pay for above that's when you will see the real inflation of paper money and a giant sucking sound out of the market coupled with a giant rise in gold as nation after nation finds itself in the same predicament. This is just the first inning, TA

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