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To: NOW who wrote (78251)8/2/2003 2:14:52 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
TE - I am happy with the realization that we... have it made. Gold, it appears, does well during deflation and, of course, inflation.

My only question is, how come gold is so incredibly cheap right now in inflation-adjusted dollars? Is this an opportunity which the crowd doesn't understand yet - or is there some sort of a problem?



To: NOW who wrote (78251)8/3/2003 1:06:55 AM
From: augieboo  Respond to of 209892
 
Against collapsing foreign currencies, gold soared thousands of percent."

Yeah, but what does it do against a collapsing DOMESTIC currency?