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


To: ahhaha who wrote (13144)6/14/1998 5:12:00 PM
From: PaulM  Read Replies (3) | Respond to of 116811
 
Ahhaha, thanks. Hard for me to figure this Armstrong guy. Much of what he's written in the past I agreed with. But then he always throws in a few sentences that seem like he's just got an axe to grind.

Like the gratuitous part about the gold standard not necessarily leading to Utopia. Is that particularly relevant to what gold is going to do over the next few years? Was his shot at certain "European traders" who are long gold a shot at the Euro?

Incidentally, according to Philip Gottlieb in the "New Precious Metals Market"--he's incidentally bearish too--sez a fully backed 100% gold standard--meaning that you divide the $ value of all curencies into the world gold supply--would imply Au book value of $200,000 an ounce.