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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: John Hunt who wrote (34763)6/2/1999 12:30:00 AM
From: fishweed  Read Replies (2) of 116764
 
John - You're absolutely right. The inflation battered Brazilians and Mexicans are buying the Strong US$ instead of gold. But what will we buy when our dollar goes the way of the cruzeiro or the peso, and it will. Their goods are getting cheaper while ours more expensive. We cannot run a trade deficit forever. The only way to compete with devalued currency is to devalue yours, or horror of horrors, peg all currencies to gold.
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