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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?


To: Ming who wrote (1429)7/15/1998 12:42:00 PM
From: Pete Schueler  Read Replies (1) | Respond to of 1911
 
Ming, Over the last 25 or 30 years gold has been losing its official monetary role. The POG in this time has gone up and gone down but it seems to dig in when the price gets down near the marginal cost of production (as it is now). Now the introduction of the EURO seems to be revalidating a monetary role for gold. Perhaps we have seen the tide turn for gold's role.