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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: PaulM who wrote (11571)5/13/1998 12:28:00 AM
From: Terry Rose  Read Replies (1) | Respond to of 116836
 
Paul, I plan to stay with my gold stocks to cover the inevitable inflation that has it's seeds in all this monetary expansion. The gold bullion coins are to cover a worst case scenario. When I look at Japan, I envision a similar result taking place in the U.S. somewhere down the line. Even if one is not part of the Wall Street party, you are still at risk if a major meltdown occurs. A newsletter I just received predicts that a 20% correction will bring down this house of cards. In a normal market a 20% correction would be healthy to weed out the excess, however this time it would be different and probably fatal.

Terry,