Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Condor who wrote (10289)	1/9/2002 8:56:11 PM
From: Elizabeth Andrews	of 10482

Well, there you go another believer. I forgot to mention the role of interest rates. It wasn't long ago that Peso deposits got 60% interest a year in Mexico. That was just below the inflation rate but the establishment all banked and kept US$. Only the peasants and working poor who could not save had to use the Peso. And it's worse in other places. Currency debasement is a form of tyranny and seems to crop up in the most interesting places. The current supremacy of the US$ dollar cannot continue at least in a relative sense to other currencies. Either prices have to rise very soon, which means gold is going up in US$ or US$ interest rates have to rise very soon. Rising interest rates will kill the weak economic recovery underway and create the conditions for more liquidity. What a problem. Can you say recycling? Paper for goods? Lest we forget gold is fungible.

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