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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: Ronald P. Margraf Sr. who wrote (4372)	12/17/1997 12:59:00 AM
From: Eric Freeman	Read Replies (2) of 116846

I remember buying gold at $60 an ounce - they stopped me for an interview in front of the Bank Of Nova Scotia. The question then, do you think gold can go higher? I said no, that is why I am buying it now, because I think it will go lower. The point, back then people could not believe that gold price could rise substantially. They did not understand the whole psychology and reality of a loss of faith in paper. When it happens, in China, India or even here, these same people will be lined up at the sales window telling us why they are buying at many multiples of the price - usually at the very top. Seen it,lived it, bought it, sold it - and it smells the same right now. I love it. Never thought I would get to do that same thing twice in my life. Eric Freeman

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