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Replies to post #1 on Goldbears

Replies to #1 on Goldbears
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SAMNOTSAMUEL

02/26/09 5:53 PM

#16 RE: Myis #1

In the comments, U.S. dollar has declined a vast amount compared to gold over time.

U.S. 20 dollar bill used to be good for an ounce of gold. Shorting gold in the short term could be possibly right.

Over 50 years going forward if history is any indicator, gold will be worth thousands of dollars per ounce.

Kind of like the stock market. All things in the long run look good compared to dollar but we may be dead by then.

I am not a bull or bear on gold. My best guess is over time for now $900.

How by the way is Indian currency doing against gold and U.S. dollar? Do Indians use the value of their currency for making jewelry decisions?

sam
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jacktrades

03/24/09 12:17 PM

#54 RE: Myis #1

Hey Myis, If you need help modding the PELE board feel free to add me up. I plan to be in that one a while... I noticed that most of the assistants have not posted in a long time, most likly they are gone and there is some good DD that could of been added from past posts. Best of luck in you trading Jack
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Tr8dervic

06/18/10 3:36 PM

#115 RE: Myis #1

Wow, this board is dead. I like the premise that gold is like a stock that constantly dilutes, but if the dollar is diluting at a much greater rate....imo that is what we are seeing now with gold just trying to keep pace with dollar dilution. Some day gold will be a great long term short like 1980 but when is the ?. I'm riding the bull for now waiting on a parabolic blow off top.

Good luck,

Vic