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: Claude Cormier who wrote (50619)	1/21/2006 1:17:11 PM
From: UncleBigs	Read Replies (1) of 110194

I do not look at gold as money. Gold is a like any commodity. The price will be determined where supply and demand intersect. Where is gold's demand? It's 70% in jewelry. How will gold jewelry sales perform in a recession? Probably not real good. Will investment demand make up the difference? Maybe. Gold is a speculation. It should not be viewed as a core savings vehicle. I think anymore than a 10% position in gold is a speculative gamble.

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