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Pastimes : Ask Mohan about the Market

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To: Mike M2 who wrote (8828)11/23/1997 10:15:00 AM
From: John Hunt  Read Replies (1) of 18056
 
William,

New article at Gold-Eagle site on the Rothschilds, etc.

gold-eagle.com

<<< While the world is led to believe that gold is a barbaric relic of the past, a huge confidence game is being played out in fiat currency markets, illustrated by the events in Asia. In order to maintain confidence in inherently unsustainable fiat currencies and unsustainable debt, confidence in gold must be depressed, given that it is the only alternative store of value. >>>

Interesting thought that driving down the price of gold would support world currencies in the short term. It could explain why gold has not responded better to all this uncertainty, as well as the increased sales of gold by some central banks.

John
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