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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?


To: J.B.C. who wrote (16835)9/3/2002 6:59:07 PM
From: AugustWest  Read Replies (2) | Respond to of 17639
 
Jim real quick I gotta go...

<<<Then Ian is asked this:

"Is there any circumstance, in your opinion, in which we might have general deflation in the financial markets, general deflation in the economy, but some form of inflation in certain commodities?"

Ian answers NO! After he just spent 2/3rds of his reponses on being in gold (commodity) because it would go up, duh.

>>>>>

I think it is because he is looking at gold to be revived as a currency of sorts and as an investment avenue.
Not just a consumer product.

Thatsaid. While I like to dream about $1000 gold. I don't think that"1 billion Chinese will be buying two or 3 ounces of gold a year as an investment.

That's, IMO, on the same level as the wireless freaks thinking that all the people in the world are gonna have cell phones by 2005.
It just doesn't happen. EVER!