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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: E. Charters who wrote (88632)	8/8/2002 5:18:02 PM
From: RiceTrader	Read Replies (2) of 116768

A transaction medium still relies on a promise to pay. This promise can be fulfilled with paper or gold. Realize though paper and gold are both commodities. Their value is defined by human notions in what they represent. Ultimately any system relies on trust. Even if you store all your own gold it can still be stolen from you if a state of anarchy exists. Today gold acts like intermediate medium while capital is in transit from one paper system to another. The future of currency is to be backed by a unit of energy or clean water. Gold will fall out of favor eventually just like salt did. /Ricetrader

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