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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Oblomov who wrote (185468)8/1/2002 8:57:31 PM
From: Secret_Agent_Man  Read Replies (1) of 436258
 
"More than the Dow, the Dax or even the dollar, the price of gold is arguably the most important piece of financial data on the planet. Traded in every time zone and coveted on every continent, gold is the most widely quoted investment in the history of the world. While gold’s value might fluctuate, the fact that it has value hasn’t changed for 5,000 years. In all practical terms, gold is money. It has no board of directors or debt. It will never rust, decay or file Chapter 11. Gold boasts no Ebitda, nonexpensed stock options, conflicts of interest or accounting tricks. Gold is beholden to no one. Gold is merely a store of wealth. It doesn’t do anything…it is simply owned."
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