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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.00+2.0%Jan 23 4:00 PM EST
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To: c.hinton who wrote (80097)12/20/2001 5:04:47 PM
From: KipferlMeister   of 116913
 
<<To say gold is a moot investment >>

For what it's worth, the only reason I stick with this miserable metal is because I believe it may regain some of its appeal as an investment vehicle (portfolio hedge). Market gains were routinely so large during most of the 90's as to make them effectively unprotectable. Now however, the expected investment returns returning to reasonable levels may make a 1% or 2% gold hedge by portfolio managers a reasonable proposition again ...and the relative under performance of such a hedge allocation less glaring.
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