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To: yard_man who wrote (195628)10/6/2002 3:07:18 PM
From: Simba  Respond to of 436258
 
tippet,

Yes, it is important to diversify the assets in a basket of stable currencies that protect one from inflation and other instabilities. No country has bee able to hold a fiat currecny at elevated levels for too long. Gold is a currency that has proved itself as a reasonable hedge against inflation and disasters. It belongs in a portfolio of diversified assets particularly for people in emerging market countries



To: yard_man who wrote (195628)10/6/2002 8:56:38 PM
From: JHP  Read Replies (1) | Respond to of 436258
 
tip
you think if you were in brazil
if you held gold you did better then if you held dollars
all i am pointing out that this is not so
as far as owning gold and gold shares
i am joining an AA group to try to help myself
get off the stuff-G-
i sold my drooy for a double
and hold some juniors
and way more physical then my wife thinks sane.


<<I'm simply saying your EXTREME confidence that the USD will retain its purchasing power for folks holding abroad is no less a "leap of faith.">>
the business in brazil and argetina want dollars more the ever now with what is happening there , no leaps of faith for me!
dak wants to take one though<VBG>