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Strategies & Market Trends : Classic TA Workplace

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To: skinowski who wrote (63472)	1/11/2003 9:30:39 AM
From: Moominoid	Read Replies (1) of 209892

Gold is a good play if the Dollar is falling relative to foreign currencies. But you could buy Aussie Dollars or Canadian Dollars instead.... gold shares are leveraged to the gold price due to fixed costs/depreciation etc. which mean the profits of gold miners rise rapidly as the gold price increases. If there is general global inflation then I'm not sure that gold is a better bet than land/property and even stocks in the long-run.

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