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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (75319)	2/6/2000 10:31:00 PM
From: Earlie	Read Replies (1) of 132070

SB: For me, it is a very basic historical thing. Whenever paper currencies are devalued through excessive printing, gold returns to favour. Currently, several paper currencies are experiencing problems. I'm also in the group that believes that the central banks have "leaned on" gold for the last several years. What fascinates me now, is that they may have run out of ability to keep gold under control. When gold could not be forced back down after last year's explosion, it appeared as though the genie was out of the bottle. Given the large short position, a loss of control would cause gold to squirt. Please note that I am no gold bug, never having had any interest in it until the mania really blossomed. Best, Earlie

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