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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (35376)8/15/2005 10:43:08 AM
From: Knighty Tin  Read Replies (1) of 116555
 
The big hole in his argument is that gold and silver declined in price for 20 inflationary years. True, that may mean that they are a bargain now, especially silver, but it is not true that they are protection against inflation. Not unless you have a verrrrrry long investment horizon. If you bought silver back when it was $50, $40, $30, $20 or even $10 an ounce, you have not protected yourself from inflation at all.
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