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Strategies & Market Trends : 50% Gains Investing
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To: Dale Baker who wrote (55179)8/21/2007 3:47:37 PM
From: SoberRead Replies (2) of 118717
 
Gold doesn't look good from an annual perspective. However, if the dollar continues to fall and gold does not, then it would represent a way to protect value.

And if the fed lowers interest rates, won't that further hurt the dollar's value, and bring more risk to the general American investment landscape.

That being a possibility, I just returned from the local coin dealer where I purchased some more gold. Not a lot, but enough to make it interesting if gold does have another run past the 700 barrier.

Now that I have about as much gold as I want, you can count on it going down in value.

But that would be a good trade-off, since for gold to fall I think things would have to significantly improve for the dollar and the general US future... something I would truely like to see.

Sober
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