The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (4266)	1/2/2004 12:38:28 AM
From: mishedlo	Read Replies (2) of 110194

The best barometer of monetary disturbance is gold. Its average price in the last decade was about $330 an ounce. Now it's more than $400 an ounce. The longer the price remains that high, the more trouble we'll have down the road. The optimum price is around $350 to $360 an ounce. What lunacy. The optimum price of gold. How the F does he know what the optimum price is. Unless and until a major country backs their currency with gold, there is no such thing as an optimum price. I wonder what JimWillie thinks the "optimum price is" For that matter you or Russ. If you have an optimum price what is it and why? M

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