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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (38900)9/26/2003 10:27:45 PM
From: Night Trader  Read Replies (1) of 74559
 
"In my view, the threat to gold is not competing currencies, but high real interest rates"

What about higher nominal rates as many predict? Won't that create an opportunity cost for holding a yieldless asset?

Though it didn't seem to matter in the late 70s.
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