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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.03

+2.1%

Jan 23 4:00 PM EST

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To: Gary105 who wrote (86847)	6/14/2002 7:38:41 AM
From: long-gone	Read Replies (2) of 116915

<<with inflation under control and anemic recovery, why should gold move back up?>> Diversification of assets. People are learning Precious Metals are a valid asset class, an asset class to which most investors have had no, or almost no exposure. There are people whom just three years ago had a net worth in the millions of dollars and today are having homes repossessed with their net worth now less than $10k! During this period where their paper assets became worthless they've watched daily reports of precious metals related mutual funds winning & not just winning but gaining hundreds of % gains. I suspect they will now always want some exposure to this asset class. In a world where homes are worth millions & dotcoms one day worth everything & the next worthless, let me see the 1/4 of 1% of the US total investment dollars placed in Precious Metals & people no longer hate gold jewelry & I'll be pleased - and my (step) grandchildren will be able to afford college without working.

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