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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.96+0.2%Nov 19 4:00 PM EST
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To: TobagoJack who wrote (10396)10/22/2006 8:36:24 PM
From: KyrosL  Read Replies (2) of 217900
 
Hi TJ. There will be no collapse of the global monetary system in our lifetimes and gold will not trade a lot more than (say, more than three times) its average extraction cost; gold will certainly never be considered money. There will be a US recession in 2007, and it may affect the world, but it will not collapse the system.

I am positioned for imminent recession with most of my assets in cash and bonds, and few equities (the most substantial, VLO). I am sort the NASDAQ 100. I have sold all my energy positions, since I expect a US recession soon. I do have physical precious metals (gold and palladium), but they are less than 3% of my portfolio -- they are simply one of my inflation hedges.
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