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Politics : High Tolerance Plasticity
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To: stsimon who wrote (1671)3/15/2001 12:55:42 PM
From: Archie Meeties  Read Replies (2) of 23153
 
Gold's failure to mount a meaningful rally in the wake of the Japan banking crisis shows how meaningless it is as a store of value

Wouldn't take it that far. Japans banking crisis hasn't reached panic stage yet, at least not to the point where citizens are exchanging cash for gold. As a store of value, gold has fared far better than equities over the past year, although it pales in comparison a well chosen energy portfolio.

Also, you if your concern is that price of gold hasn't reflected economic turmoil in Japan, you should consider the POG in yen, not dollars, like so.
the-privateer.com
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