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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: orkrious who wrote (179364)7/12/2002 9:37:04 AM
From: reaper  Read Replies (3) of 436258
 
<<People ask me how gold could possibly rise in a deflation. In a deflation where the viability of anything and everything could be in question -- the desired asset is cash, money. And the only money that is free of debt is GOLD. In a debt-melt down, the dollar price of gold could "go to the moon." Hey, you heard it here first, dear subscribers, you heard it here first...>>

I do believe, actually, that you heard it HERE first, from yours truly.

Gold going up is not signalling inflation. It is signalling troubles in the IOU-based economy.

Cheers
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