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To: westpacific who wrote (5102)12/4/2009 6:03:20 AM
From: Real Man  Respond to of 26251
 
That does not matter. Gold is debt free money, it can go
up even more. Gold is SHTF insurance, it has always been.
Central Banks are aware of it, that's why they hold gold. The
market is way too small to accomodate everyone wanting
to protect themselves from flying feces. We are witnessing
a change of that dynamics, as folks are realizing SHTF, and
pile into the metal. Governments are trying to competitively
debase their currencies. Take a look at
WB minor entry (and exit) into the silver market. While many
regard investment demand in the gold market as a signature
of a bubble, it is not. 18% of all gold ever mined is held
as an investment. It is a signature of a bull market in gold.

Gold and silver are, and have always been, HONEST MONEY that
cannot be possibly debased by any government.

Message 26149832



To: westpacific who wrote (5102)12/4/2009 6:27:03 AM
From: Real Man  Respond to of 26251
 
FWIW, last year gold assumed this role. As there were
many sharp currency movements and the dollar rallied
sharply, gold made a new all time high in
many currencies, including Australian dollar.
Now it just hit an all time high again in every currency.

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