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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (2395)	4/15/2002 2:46:18 AM
From: FuzzFace	Read Replies (2) of 3558

In post 2340 you wrote: "even if the POG falls below $100 per oz,...as the price has been in the majority of history" Yet in post 2395 you wrote: "I don't recall saying $100 current dollars is an historical average for POG" I'm confused, if you didn't mean $100 current constant dollars, did you mean nominal dollars? If the latter, that just restates my point about inflation - current dollars are worth 5% of 100 years ago dollars. Even in terms of POG, current dollars are around 7.5% of 100 years ago dollars (20/oz vs. 300/oz).

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