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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.99

+0.3%

Nov 11 4:00 PM EST

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To: Tim Cruise who wrote (4842)	1/13/1998 12:41:00 AM
From: Ronald P. Margraf Sr.	Read Replies (1) of 116753

Hi Tim, If I might say something here. JMHO. IMHO, deflation, depression, recession as far as I am concerned are all the same thing. With deflation you lay off folks. Depression is that there aren't enough folks out there making money to buy goods. Recession means that no business is being conducted on previous levels. Now doesn't that sound like depression. The only difference between the 20s and now is we call it a different name. When this takes place the US dollar will fall. Tax revenues will fall. Govenment can't back up its $. WELA!!!!! What do we have? To many dollars out there and nothing to back it up. What is the answer??????? What has value when nothing else does? I let you give me the answer. I have been through the Ford/Carter administrations. I am now going through a Clinton administration. Better hope that Rubin doesn't quite.;-))))))) Ron

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