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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Mike Johnston who wrote (76637)3/21/2008 5:17:13 PM
From: benwood  Read Replies (1) of 116555
 
This past week, gold is -99.6% on an annualized basis:

0.90 ^ 52 = .004

Oops, forgot about inflation. Make that -99.7% <g>

Seriously, that won't keep up. But gold is much more volatile than the clownbuck. And in the past year, gained in global buying power versus the buck losing considerable buying power.

For the insult of 'saving' your dollars, you'll be taxed. At least your gold can in theory maintain it's buying power without being raided annually.
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