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Sep 04, 2004 7:20 am re: re: Gold
Robert Davidson
Dear Robert,

I have tried to reply a couple of times but I think my posts may be being vetoed by the moderator. In short gold is a small market held in place by huge opposing forces of support for the USD and resistance to rising interest rates to meet inflation. If these forces get out of balance then there is the potential for large moves in gold. Generally the movement of the locus of wealth from West to East has been going on for centuaries and will continue but in the medium term (five years) I think we will see a big move as the savers in the East tire of loaning money to the spenders in the west.

Kind Regards


Private Reply to Robert Davidson (new win)

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