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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: long-gone who wrote (26643)	1/21/1999 12:04:00 PM
From: Hawkmoon	Read Replies (2) of 116770

Richard, Since when has the currency of the UAE functioned as the reserve currency of the United States or the world?? Take your UAE and Kuwaiti money, go down to your local bank and demand payment in gold. Then you'll see what I mean.... <VBG> The Arabs used to hoard gold because after they attempted to shatter the western economies by hiking the price of oil in the '70's, they wanted settlement in gold. Why?? Because they KNEW that a major hike in a heavily used commodity would immediately be inflationary. So the Arabs made money coming and going when they imposed their "embargo". Regards, Ron

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