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Registered
Join Date: Sep 2008
Location: Rio Rancho, New Mexico
Posts: 200
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Gold is inversely related to the value of the US dollar, as well as the rest of the world currencies.
If you believe the value of the US dollar will remain stable, then Gold will not be a good buy.
For myself, I view it as the hedge against dollar inflation.
A few years ago folks had a hard time believing oil would go over $100/barrel.
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Doug
Was 2.7racer.
'76, 2.7 w/Webers, JE pistons, Solex cams. Elephant bushings front & rear, 23mm & 28mm torsion bars, big brakes front & rear, Pertronix. Track car.
'85 3.2 stock, Orient red, comfy street car.
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