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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

4:00 PM EST

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To: Hawkmoon who wrote (26774)	1/23/1999 12:44:00 PM
From: Mark Bartlett	Read Replies (1) of 116847

Ron, <<I'm saying that any surge in gold prices at this time will destroy the "belief" in the Fiat system. In exchange, surging gold prices would strenghten an alternative and "superficial" belief in gold.>> I do not buy this ... gold, as an alterative haven for money protection is just as legitimate as any other. For some reason gold is feared at the moment (likely because the powers that be want to maintain the integrity of their fiat system) ... and it seems every time the global economy looks more tenuous, the more it is feared (attacked). Fiat systems should be feared ... they have always become unraveled at some point in time. IMO gold's role should be to create a more stable fiat system ... there is an honesty and integrity with gold, that is IMO worth preserving. Best to you, MB

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