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

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To: redfrecknj who wrote (31027)4/21/2005 1:09:14 PM
From: Tommaso  Read Replies (1) of 110194
 
That is extremely interesting--one of the reasons for the astonishing strength of the long term bond market recently.

I am afraid that to make assumptions on the basis of a 4.2% rate for the last 135 years is to ignore the fact that for the first 100 of those years, the dollar was on a gold standard. If I could deposit gold right now and be assured that at the end of each year I would get back 1.03 or 1.04 ounces for every ounce I had on deposit, I would consider doing it. That's one problem with the gold I do own. About once a year I look in my safe deposit box and there's exactly the same amount as before.

Claude Cormier likes to talk about "Goldmoney," but I wonder if there are any gold savings accounts that pay interest in gold by weight.
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