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

To: Don Green who wrote (17922)	9/7/1998 2:49:00 AM
From: PaulM	Read Replies (1) \| Respond to of 116779

If it's flat to down for 5-15 years, I will have made a huge mistake. Why did I invest now? Whether you subscribe to the doomsday scenario or not, many world currencies and economies have taken quite a hit recently. Gold will always be the ultimate fallback currency because there is no viable alternative (no platinum or palladium in CB vaults). It also seems to me the current crisis is more severe than prior ones. And its finally hitting America (via Latin American and Canada for example). Multiply Mexico 1994 by 10. Bailouts and reflation efforts will ultimately take the form of money creation (inflation) in America. This will happen as the world is moving to another reserve currency. And as wealth and world superpowerdum moves steadily in the direction of China (a large gold consumer). All of these weaken the dollar and make gold an excellent speculation at current levels.