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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: David W. Taylor who wrote (1007)	9/25/2003 12:25:13 AM
From: glenn_a	Read Replies (2) \| Respond to of 110194

Hi David. Interesting your view of gold as "simply another commodity". I don't share this view, but as I haven't lived the future (or at least don't remember living it :) ), who's to say. My own take is that gold will revert back to its historic role as a store of value. However, in an absolute global scramble to monetary liquidity, and potentially significantly rising US interest rates to defend the US$, I can't see gold soaring in value. But the metal may hold its own, and that's why I hold it ... but to me there certainly appears to be excessive optimism and speculation in the precious and base metal mining stocks. We certainly live in interesting times. :) Regards, Glenn