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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.63

+3.0%

Dec 19 4:00 PM EST

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To: ahhaha who wrote (65692)	3/14/2001 11:54:50 AM
From: Claude Cormier	Read Replies (1) of 116818

<You sound like you believe that higher interest rates causes inflation. > No. Didn't say that at all. Inflation is a monetary phenomenon better described as an expansion of money stock at a rate that exceeds the rate of growth in gross national production. Higher interest rates which is the cost of money are only one possible result of this monetary inflation.

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