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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

Jan 15 4:00 PM EST

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To: donald martin who wrote (28474)	2/17/1999 10:14:00 AM
From: Gary H	Read Replies (2) of 116857

Going over some old notes, I came up with a couple of quotes (which I think some will remember I'm sure)and makes me wonder what Greenspan would have to say about it now. This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the ‘hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan (1966) "You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability and intelligence of the members of the government. And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold." George Bernard Shaw (1856-1950)

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