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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: russet who wrote (46097)	12/18/1999 11:03:00 PM
From: Terry Swift	Read Replies (1) of 116836

Talk about bullchit! Let me guess... you're invested in solid brick and mortar blue chips like China.com and other trees that grow to the sky. Politicians and gold have never liked each other. Gold has been money for thousands of years and it can't be inflated. However, our modern day governments have found the next best thing... create paper that is supposed to represent gold. Now, that is something that can be manipulated so, of course, they are. That is precisely what they are doing, whether or not you choose to recognize it for what it is. Of course, this game of musical chairs can't go on forever. When settlement day comes (and it inevitably will) the music will stop, and it will become clear to everyone that there is not enough physical gold in the market to settle. Settlement will have to made in more paper, which will by then be in great supply but not much demand.

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