Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (11644)	5/29/2003 8:20:23 PM
From: tyc:>	Read Replies (3) of 39344

Hi vt, I find it hard to understand how holding cash can be considered "safe", when the feature of the economy is the decline in value of the dollar. I suggest to you that the market as represented by (say) the S&P 500 has not been "strong"; it is simply that the relative value of US cash has declined. There is a Canadian funds ETF for the S&P 500 ticker XSP.T. If you check its graph you'll see that it has been relatively flat. Similarly if you compare the S&P 500 against the price of gold, again relatively flat. It is the currency that is weak ! Obviously assets cost more if the currency (cash)is weak (falling in value...."losing"). My gold is still the S&P500.

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