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Politics : Gold and Silver Stocks and Related Commentary
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To: TrueScouse who wrote (10244)4/5/2005 12:07:22 PM
From: tyc:>  Read Replies (3) of 18308
 
Thanks for your reply, Howie. The low ratio between gold and oil prices is hardly an argument for the existence of a gold bull. Don't get me wrong... I wouldn't be without my exposure to gold and gold stocks, but listening to Embry this morning, I found it difficult to understand his enthusiasm for this under-performing asset class.

They used to mine gold profitably at $35 per ounce, now it needs.... what ? Has the gold price kept pace with inflation over the years ? Where's the justification for believing a "gold bull" exists ?
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