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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (38052)9/9/2003 9:39:46 PM
From: TobagoJack  Respond to of 74559
 
tooearly, re timing of smackdown of gold and squashing of bugs, why?

just because we are feeling cocky, swinging a bigger richard, getting more handsome with each additional dollar per ounce, and are about to trigger the defining financial crisis of the 21st century?

chugs, on a bus, jay



To: NOW who wrote (38052)9/10/2003 12:11:07 AM
From: marek_wojna  Respond to of 74559
 
At this time each resident of USA is in debt of $23361.66 and growing by about $5.00 per day. If that debt to be paid off by old standard in gold it means the 7000 tons of gold reserves (if they are true numbers of gold in US reserve) would reduce this debt at $400 an ounce only by roughly count $250 dollars that means no growing debt for full 50 days. Let sell it. The problem with gold the leaders of the world are facing is very simple to explain -gold is not about sellers is about buyers and what the people choose to trust. No time like this in the history of homo sapiens.