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Politics : Ask Michael Burke

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To: Box-By-The-Riviera™ who wrote (94884)	3/9/2002 1:48:58 PM
From: Joan Osland Graffius	Read Replies (2) of 132070

Joel, What was going through my head was if we enter a deflationary period the dollar should drop against other currencies and the price of gold should rise against the dollar. Have been wrestling with this problem. My thoughts are that Europe is admitting inflation and would be a good place for to dollars to run if deflation takes it's proper place in the US after the busted bubble. <g> Gold should also be a store house of value for US citizens if the dollar devalues. Also like Australia and Canada under the dollar devaluation scenario. Do you have any thoughts on what would make the price of gold go down to the $260 level again in US dollars, other than the commercials selling forward like mad. Where is heinz when you need him!!!! Joan

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