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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

Dec 22 4:00 PM EST

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To: Karen E Hoof who wrote (16299)	8/21/1998 12:41:00 PM
From: Alex	Read Replies (2) of 116820

Karen, here in Canada the govt. is considering investing our Canada Pension Plan money in the stock market for the first time. Haven't followed this story real close so maybe someone else can comment on it in more detail. My main concerns are two fold. 1. The retirement money of all Canadians would be invested in God knows what, and they have no say in it. These contributions are mandatory. 2. My second concern goes to the heart of your post - these funds could (would?) be used on a day to day basis, by the govt., to manipulate the market. This may seem like a great idea while boomers are savers, but what about when they go to retire? Japan, with its' aging population, is a leading indicator of what lies ahead for us with regards to that IMHO. All the best

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