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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.98+0.6%Nov 21 4:00 PM EST
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To: A. Borealis who wrote (25240)1/1/1999 8:22:00 PM
From: Stephen O  Read Replies (1) of 116764
 
Gold priced in US$ has gone nowwhere in the past year. It has held it's value as it should during a period of little inflation or deflation. In fact as a commodity it has outperformed other commodities. All many of on this thread say is that the money supply is growing at a huge rate, the US is running a trade deficit of $200 billion and owes the world $1.5 trillion. Good reasons to value the gold in Fort Knox, if there is any left, at a much higher price.
Some gold mining companies are trading at just 4 times cash flow. That's cheap.
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