Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: dospesos who wrote (1082)	9/19/1998 11:07:00 PM
From: Robert Dirks	Read Replies (2) of 81766

You left out one other use for Gold, it's the best insurance policy money can buy. The cost of the premium is lost interest you may have earned on money, and possible principal depreciation. People in Asia, Russia, Mexico, Venezuela etc. who lost up to 90% of their local wealth holding their devalued currencies could have almost fully protected themselves by holding Gold. The local price of Gold for people in Canada and Australia has more or less stayed steady. If their currencies should fall further they will be making money. Any appreciation in the US price of Gold will be a bonus. Of course, unpredictable world events, a US financial meltdown, could immediately change the value of Gold in all currencies. A bonus! And it has to be physical Gold, as paper Gold is just someone else's liability which he may or may not be able to pay - not exactly insurance. GOLD, the BEST insurance policy Money can buy..........

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