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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Crimson Ghost who wrote (63234)	2/2/2001 6:50:31 PM
From: KyrosL	Read Replies (1) of 116758

Why would a severe or prolonged recession help gold? Isn't gold substantially demonetized? Or do you just think that it will be the falling dollar that will help gold's dollar price? I bought some gold stocks as a hedge for a falling dollar and because I consider them very undervalued in general, but I don't see how a US recession will increase gold demand. This is not the thirties when gold was money, so a deflation by definition helped it. Kyros

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