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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

4:00 PM EST

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To: Hawkmoon who wrote (26774)	1/22/1999 12:44:00 PM
From: donald martin	Read Replies (1) of 116858

<<And yes, I believe the systemic shock would be devastating, as gold attacks the value of the global reserve currencies (rightly or wrongly).>> Gold will not attack the "value" of the global reserve currencies. Gold is merely an illuminator whose value is relatively constant. It's like a monetary flashlight. It's paper whose value fluctuates depending upon the discipline of the people charged with printing it. When gold appears to "attack" the value of currencies, it's merely people saying, "Your paper doesn't represent a reasonable store of value to me."

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