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

To: TobagoJack who wrote (38900)	9/26/2003 10:27:45 PM
From: Night Trader	Read Replies (1) \| Respond to of 74559

"In my view, the threat to gold is not competing currencies, but high real interest rates" What about higher nominal rates as many predict? Won't that create an opportunity cost for holding a yieldless asset? Though it didn't seem to matter in the late 70s.

To: TobagoJack who wrote (38900)	9/27/2003 1:12:19 AM
From: BubbaFred	Read Replies (1) \| Respond to of 74559

The Chinese love gold, for sure, and the finer quality jewelry. Finer pearls as well. They have very discriminating taste for the finer things in life, including food. Most Chinese (both men and women) wear gold jewelry. Men like to sport thick gold chain necklace and watch. Is that any indication on what kind of consumer market China will become? If it were not for so much explorations and additional mining of gold and silver, who knows how high gold can go.