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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 84.82+3.0%Feb 6 9:30 AM EST

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To: bambs who wrote (55836)10/7/2001 12:56:27 PM
From: Eric   of 77400
 
Time might, might prove me wrong and I can accept that.

Sure the potential is there for gold to go up significantly but I would only put a small percentage of assets in it. Am I, not in the least! The risks of being on the wrong side are just too great. Will gold double in price from here? Probably about a one in a thousand proposition!

I totally agree that the only thing backing the dollar is confidence. But when you look at the strengths of our economy and country it is no wonder the dollar is and even now more becoming the worlds currency.

The fed could print many more dollars but they don't need to at this time. The government can spend a lot of money on infrastructure and other things to get the economy rolling again.

The funny thing is we are only talking about a few percentage points of difference in our economy. The screaming I hear about this is way, way overblown. I wonder if people ever study history to keep a perspective.

Gold at $10,000 an ounce??? The world would have to come to an end for that scenario to play out.

Very, very remote my friend.
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