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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (96480)	11/30/2003 12:44:04 PM
From: Chispas	Read Replies (1) \| Respond to of 116972

Dr. Doom again...stripped from DAILY RECKONING... ******************************************* "...Marc Faber tells Swissinfo Magazine, 'In the United States the debt level is rising very rapidly and generating some, what I would call, artificial growth but it doesn't produce capital spending...The capital spending occurs largely in Asia, specifically in China, and the production is also in Asia. The US will probably not be able to sustain current growth rates and we will have probably, some time in 2004 or 2005, a consumer-led recession again in the US. 'Where are the savvy investors going to put their money over the next few years?' Swissinfo asks Faber. He replies: 'A lot of investors have acquired resources, hard assets...and they're buying commodities, including gold which is one of the world's currencies.' Gold investors are hoping that Faber's definition of 'savvy' is accurate....." dailyreckoning.com