On Fri, 26 Nov 2004 03:34:48 GMT, micheil@shaw.ca (Michil$(D??(Bn) wrote:


>Of course they are! That's what they're for - to be a hedge against
>the bottom dropping out of the US dollar!

This betrays a fundamental lack of understanding of the role of gold
in the modern marketplace, and portfolio hedging.

Simple exercise: Dollar value goes down. Price of gold in dollars goes
up. Has the market value of gold changed?  

-- 

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