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GLD 399.01+0.1%Dec 19 4:00 PM EST
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To: bart13 who wrote (88964)4/11/2012 8:17:09 AM
From: elmatador1 Recommendation  Read Replies (1) of 218633
 
Whatever goes into the fund today, is immediately spent into someone who -in the past- paid into that fund.

You pay on until, at some point in the future, you start withdrawing from the fund.

That if there is someone paying into the fund at the present time.

If there is less people paying into the fund, then there is less to withdrawn than it was promised at the beginning.

Thi is how it works for pensions.
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