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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Henry Volquardsen who wrote (5546)2/10/2002 2:12:00 PM
From: Joan Osland Graffius  Read Replies (2) of 33421
 
Henry, >.It is a zero interest bearing commodity, for all but professionals who have access to the lease market.

If you are an ordinary person living in a country where the currency is being devalued relative to the US$, gold will keep its value relative to the currency of the country one lives in. Countries that come to mind are Australia and Canada when their currencies started devaluing against the US$. People who understand the financial systems can find other mechanisms for investments to take care of currency risk, but do not see education of the masses on how to protect the value of their capital assets. IMO, the common ordinary person has sufficient information to know that gold is an instrument that will solve the problem.

Joan
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