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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

4:00 PM EST

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To: Bobby Yellin who wrote (4973)	12/31/1997 8:08:00 AM
From: Bobby Yellin	Read Replies (2) of 116753

this is getting hopeless...just read an editorial in the New York Times saying Central Banks controlling interest rates etc have been the result of demise of gold..If people can buy the bonds whose yield can be altered to reflect inflation, people more or less don't have to rely on gold. Two huge snags for that line of reasoning..Those bonds pay less than the current bond rates because of lack of risk premium and the big snag..do governments report inflation that affects the individual citizen? Also noticed a group of older people are fighting back about health policies..as the aged grow in numbers, it is going to get more interesting.. I think there is plenty of time to buy gold coins..sounds like we have a further wait for gold to return big time..

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