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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (52948)	5/18/2000 12:29:00 PM
From: LLCF	Respond to of 116815

<So what "I get" is that the functions that gold once held on a day-to-day basis in the financial system are being superceded by other financial instruments.> We agree that in a sense the government has attempted to create 'synthetic gold' by creating the inflation adjusted bond. That doesn't mean that gold now loses it's value as an inflation hedge...and it doesn't help much for those who don't want to hold dollars. Since we haven't seen much inflation since those bonds were issued we'll have to wait and see. Thanks for an on topic post. DAK