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To: Alex who wrote (36782)7/7/1999 1:31:00 PM
From: Ahda  Respond to of 116752
 
.
But at a time when inflation looks more like a nuisance than a menace in much of the world, and investors can choose among myriad ways to hedge against risks, official perceptions are changing.

I chuckle at this thinking oil has gone up dock workers are contemplating strike here and inflation is being hedged off , heck interest have already inflated revolving loans. How can you ship (import} for less when oil costs more reduce wages in China?




To: Alex who wrote (36782)7/7/1999 1:36:00 PM
From: teevee  Read Replies (5) | Respond to of 116752
 
Alex,
There was a time in history when Aluminium was worth more than gold....IMO, gold has had its day in the sun......hooray for a much lower price of gold so we can see an increase in utilization for consumers etc......the notion of gold as a monetary back stop is now passe and ludicrous....the share cap of Coke is larger than that of all the gold mining companies in the world put together.....and what is wrong with short sellers making a buck anyways?
regards,
teevee