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

To: CalculatedRisk who wrote (86621)	9/20/2007 12:06:43 PM
From: John Vosilla	Read Replies (2) \| Respond to of 110194

' I remember when I was there in '79, everyone was buying gold - literally - I would walk down the streets of the little towns, and people were heading into the gold shops ... they were putting their life savings into gold bars.' Sounds a lot like real estate in 2005 and tech stocks way back in 1999<g>

To: CalculatedRisk who wrote (86621)	9/20/2007 4:12:09 PM
From: GST	Respond to of 110194

I remember 79 as well -- but I have my eyes on the future, and the future holds a sea change in global investment where the world is awash in US dollars that are sinking and gold is emerging as a good alternative. Gold is a small market relative to the currency markets -- that makes it a potentially explosive positional investment -- the next bubble if you like to put it that way. If gold does "bubble" it will not be at $730 spot -- bubble prices will be far, higher than where we are now.