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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (162589)	4/27/2002 9:03:34 AM
From: Les H	Read Replies (3) \| Respond to of 436258

Government and housing finance upi.com

To: Les H who wrote (162589)	4/27/2002 7:09:09 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

ROTFL! I finally figured it out...Luc isn't Tice, he's Jim Grant!<G> GRANT: I am very, very bullish on gold. I think gold is the, it's the reciprocal of the celebrity of Alan Greenspan. It is the way to play what I think is an inevitable downgrading of the dollar in the eyes of the world. We, the United States runs an immense deficit with the rest of the world. We need $2 billion a day of investment in this country to finance this deficit. It has been a great attribute, you know, it's been a great thing for this country to have been able to produce so much less than we consume. That apparently is ending. And, indeed, against almost all currency, the dollar has turned suddenly weak. And, you know, gold has been in a 20 odd year bear market. KANGAS: Right. GRANT: It is known to be the worst thing you can put your money in. KANGAS: Is a gold stock, is there one that you would buy now? GRANT: Newmont Mining (NEM), I think, is about the best of the lot.