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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Metacomet who wrote (61234)9/19/2008 7:21:44 PM
From: rubbersoul  Read Replies (1) | Respond to of 78421
 
IMO, the fact that the Fed is backing up worthless mortgages with gold gives gold credibility. Aren't they in a way going back to the gold standard by having it back up or pay for their debts? Also, the more gold is worth, the more worthless assets they can cover with it. Just thinking out loud....