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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: kayco who wrote (12651)12/15/2009 8:44:17 AM
From: gold$10k2 Recommendations  Read Replies (1) of 48092
 
Historically, rising interest rates do not impede the rise of gold in a situation like the current one as long as they remain less than the real rate of inflation. In 1980, Volcker had to raise rates to 6% higher than the rate of inflation before the market took his efforts seriously and gold peaked. At that time he also actually reduced the money supply which was likely the more significant factor.
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