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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (37613)6/7/2000 11:56:00 AM
From: BGR  Read Replies (2) of 42523
 
Heinz, peak to trough measures are quite dishonest, IMHO, as nobody (except you and Luc -s-) can catch peaks and troughs accordingly. Similarly, the Japanese "bubble" burst much earlier than '95 and I am amused to see that you are selectively using the '95-'98 data to prove a point (again, only Luc and you can time markets so accurately w/o help of hindsight -s-).

Overall, from '90 to '00, Japanese gold holders would have done much better by holding the currency outright.

As for paper assets, during a deflation stocks and bonds often do badly, I agree and your point is well taken. But that was not what this discussion was originally about (it did meander into that direction). It was about the POG in the paper currency and whether it is a good idea to go long gold in preparation for a deflationary recession. Let's concentrate on this issue?

-BGR.
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