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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.98

+0.2%

Dec 4 4:00 PM EST

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To: Mark Bartlett who wrote (27615)	2/3/1999 12:08:00 AM
From: Zardoz	Read Replies (1) of 116796

>>"You would say that owning 100 ounces of gold is safer then owning 100 ounces in a forward, or future?" I said that the risk on owning an contract is lower then owning gold that may drop. If you believe its' going up and you... {now to your words} > want something I can physically carry, that has value ... not some option on a futures contract ... Then gold isn't it. In your reality of doom and gloom when options and futures fail. A gun is what you want, and many rounds. During the 1987 crash, it was OPTIONS and Future buying that made the Market Makers jump into the market, and that created a bottom on the slide. Many of these contracts and derivatives where new to the markets, yet they held up extremely well. Might I suggest you go to your library and take out two books: Panic on Wall Street :A Classic History of America's Financial Disasters-With a New Exploration of the Crash of 1987 by Robert Sobel How to Choose, Carry, and Shoot a Gun in Self Defense ~

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