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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Anchan who wrote (149177)2/27/2009 11:53:51 AM
From: koan  Read Replies (2) | Respond to of 313718
 
>>When asked "what limit for gold", he says "well, no limit". If we apply the leap from $35 to $800 in the 80's and use that scale for the rise from $300 ten years ago, then we get $6,000..."<<

I thought John Taylor's talk was very well reasoned, but I do not think he can use the $35 to $800 analogy to get to $6,000 because the $35 price was an artificial price.

The reason Nixon took us off the gold standard. Everyone was taking our gold for trade payments.


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