Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: benwood who wrote (67889)	8/21/2007 5:33:13 PM
From: Bill/WA	Read Replies (1) of 116555

ben, Help me understand why gold can't be viewed as a (safe)haven for money (re: cash). I bought the physical back when Heinz recommended (around $272). Recently cashed some in (@ $682) at spot price at a coin dealer. True, I didn't actually purchase anything WITH the gold, however it sure wasn't a problem getting the cash, AND that original $272 in cash would be worth a lot less IF it had stayed in cash. Bill

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