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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Hawkmoon who wrote (51515)	4/16/2000 3:39:00 PM
From: LLCF	Read Replies (2) of 116764

<Call me naieve if you wish, but the creation of inflation indexed bonds spelled the death knell of gold as the inflation hedge it once was.> This is a very good point except that it is the point of view from a U.S.Centric world. Gold is a global currency and holds value to many on the planet. Your 'hedge' above does not protect you from potential weakening of the value of the dollar on the world stage. So from a global perspective it is fair to call you naive IMO. DAK

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