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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: arnold silver who wrote (5155)4/26/2004 6:19:51 PM
From: LAWRENCE C.  Respond to of 23958
 
For 2003, WHT sales were 47% gold, 46% copper and 7% silver. With the supply of dollars growing faster than the supply of all gold ever mined (US printing money to fund deficits, growing budget deficits, trade deficits, cost of war in Iraq and Afghanistan, etc., cost of war on terror, etc.) gold will continue to trend up. It's how fast and when.
Interesting tidbit I read was that the metallic value of coins (at least pennies and nickels) is now higher than the face value. So it is costing the government more to make them than the face value. So the government will probably change the metallic content of US coins.