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Gold/Mining/Energy : Gold Price Monitor

GDXJ 118.97

-0.9%

Dec 24 4:00 PM EST

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To: PaulM who wrote (11966)	5/20/1998 11:07:00 PM
From: Ron Wilkinson	Read Replies (3) of 116823

Paul, I am sure I know some of the answers to your questions but probably not all of them. First, the western hemisphere has been the center of trade and banking since wooden ships went away. I doubt that any other country has the worldly economic view that we do. I think you give too much credit to those people for seeing what appears obvious to you and me. Secondly, most people in those nations own gold only as jewelry. Unless they lived in a big city and had some western education they could not even tell you how or where to by bullion or derivatives. Thirdly, I believe the wise and experienced in these lands already have their metal. That is why within just a short period of time after these crisis they become sellers verse buyers. I have another point that is lengthy, I'll message you. Ron

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