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Message: Re: Gold remains a good investment
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Feb 26, 2010 07:27AM

Re: Gold remains a good investment

posted on Feb 26, 2010 01:47PM

Bob: Good comments - as you can see I am thinking inflation is more likely than the economic collapse you speak of - though I agree it is possible. But as I say, US companies are doing better and consumption in the US is on the upswing for the moment anyway. If Greece collapses with the others you mention, I think the euro will drop, the US buck will zoom up, US interest rates will climb, and gold will decline so perhaps wishful thinking but I don't want that for sure. I have a major holding in TDC and agree much hinges on the Clan Lake drilling for the next few months, but I have a lot of confidence in that deposit, Isaiah

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