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


To: long-gone who wrote (72452)6/27/2001 10:48:37 AM
From: Real Man  Read Replies (2) | Respond to of 116815
 
I think gold bugs on this thread are under illusion that gold rises in both inflationary and deflationary environments. At least, history example of the Great Depression shows that this is not true. Gold was fixed then, but silver has bottomed in 1932. Until then, the best trade was short stocks/long treasuries. Certainly, when the most of increase of M3 is debt-related, one has to wonder what will happen in case of a default. In other words, I think if gold and silver go down now, that would mean the stocks are not done yet with their collapse.