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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Andrew who wrote (19668)9/8/2003 12:02:53 PM
From: dara  Read Replies (2) | Respond to of 39344
 
According to this commentary, Canada sold 135,000 ounces of gold in August leaving only 200,000 ounces left - down from 21 million ounces in 1980.

thebulliondesk.com



To: Andrew who wrote (19668)9/8/2003 2:09:23 PM
From: tyc:>  Respond to of 39344
 
>>My point though is that the USD$ looks to continue down so why hold USD$ denominated securities?

If the USD$ continues down, the things it will buy including stocks and gold will go UP in price (not down). It is the holder of cash that will lose !