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

To: Crimson Ghost who wrote (66681)3/29/2001 8:50:59 AM
From: clochard  Respond to of 116791
 
210 Clownbucks for an ounce of Gold? Sounds like a once in a lifetime deal to me.



To: Crimson Ghost who wrote (66681)3/29/2001 8:53:22 AM
From: russwinter  Read Replies (1) | Respond to of 116791
 
Why would the US wish to sell gold at these levels, to buy yen and euros as reserves, and bankrupt the mining industry of a large part of the third world? I just read that gold is 20% of Peru's exports. Plus even small selling would knock a big chunk out of the reserves the US does have. I think at the tail end of these bears markets people start to believe just about anything and this is an example.


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