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Newmont Mining Corporation Message Board

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  • arnoldj882003 arnoldj882003 Aug 24, 2005 10:35 AM Flag


    this has progress well beyond insane...absolutely stunningly surreal.

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    • Corrupt. Crooked. Racketeering. Collusion.

      • 1 Reply to joe_teamwork
      • Joe, the gold market gets tripped up by one simple fact: people like me who are concerned with the fall in the value of the dollar, or who think inflation is more rampant than the government is acknowledging, have all sorts of easier ways to play that today than we would have had in 1979. Think about the number of different financial vehicles available to investors today that simply weren't really there in the late 70's, early 80's. I have money in international bonds, money in stocks held in companies that are out of the country, the availability of some online banks that would allow me to maintain CD's in a currency of my choice, or in a basket of currencies (though all of them still have service charges that make those unacceptable to me). So unfortunately for gold bugs, they are probably right, and it probably doesn't matter. Investors don't have to pile into gold any longer if they are worried about U.S. dollar uncertainty. There are more liquid plays available, with less overhead and less concern about things like storage. Gold may effectively be dead as an investment hedge, and more just a gold-colored commodity.

38.18-0.30(-0.78%)12:30 PMEDT