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Pastimes : Ask Mohan about the Market
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To: Joan Osland Graffius who wrote (11463)12/14/1997 5:29:00 PM
From: Rmn  Read Replies (1) of 18056
 
Joan, gold is not a non producing asset. Central banks loan it out with interest, and it, supposedly, provides substance to worthless paper money (at least that what it used to do). Have we arrived at a point where we no longer need anything to back up currencies other than "faith and trust."

Ramsey
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