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Gold/Mining/Energy : Barrick Gold (ABX)
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To: rdww who wrote (2193)11/12/2001 4:58:10 PM
From: Enigma  Read Replies (2) of 3558
 
Because the non hedgers think it's a goofy idea doesn't mean it is! I note that 80% of gold production is used for jewelry etc. So stimulating demand seems like a good idea. Looks like Shulick and co don't want to spend the money. Hedgers will hedge anyway - so why not encourage higher demand and higher prices? Even $20 an ounce is not to be sniffed at.
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