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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?


To: Tom who wrote (2684)2/21/1999 1:00:00 AM
From: Tom  Read Replies (1) | Respond to of 2951
 
OT

If you were the citizen of almost any country in the world outside the three mentioned above, (US, Canada, Australia) and you had been considering buying physical Gold, you would not be too pleased with yourself if you had held off. Gold has shot higher in terms of every European currency - including the Euro. It has positively exploded upwards in terms of Yen. And please don't forget, if you were considering buying physical Gold, you would very likely be buying it in your native currency, NOT in $US.

(from current issue of The Privateer by William A. M. Buckler)

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Marc Faber features gold in his latest report.

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As I speculated here a couple of weeks ago, and to myself for a while longer, the price will be much higher before the people in East Asia can recover w/ sufficient funds to buy it at an affordable price. Of course by the time they do, we'll drive the price back down and become buyers. And then,....