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To: JakeStraw who wrote (59111)4/26/2002 9:20:31 AM
From: bambs  Read Replies (1) | Respond to of 77400
 
history shows that fiat currency always fails.

only way gold will stop a long term trend up here is if the world governments confiscate it again. prudent savers buy gold to protect themselves from corrupt governments and criminal bankers. gold and silver will rise with time, fiat currency will fall against real goods.

corrupt governments will likely steal gold from prudent savers at some point in the future.



To: JakeStraw who wrote (59111)4/26/2002 11:04:59 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 77400
 
And if gold gets over $360, a lot of presently marginal mines will become quite profitable to operate, and will be put back into production, thus adding to the gold supply.