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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: Bobby Yellin who wrote (4850)1/13/1998 1:10:00 AM
From: Ronald P. Margraf Sr.  Read Replies (1) of 116764
 
Hi Bobby,

I don't think it would be neat. Maybe your to young to remember the
mid to late 70s. I do. Not very neat. Very scary in fact. Almost lost
my house when that happend.:-((((( If gold blows out to the upside to
fast you won't be able to buy a coke without mortgaging your house.
Nothing will be worth anything because it was bought at higher prices.
You won't be able to pay your mortgage, car payments, food bills. The
bottom will drop out of the economy and inflation will follow. Go back
and see what happened in late 78-early 79. Not a pretty site.;-(((((

Ron
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