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From: Napolion (Rep: 1107) reply to Tripps

Date: 11/30/2009 17:51

Forum: The Gold Fever - Msg #5726

Thread #672839485 (Rec: 0)

>>>>Re: sell all assets and go to USD.... I disagree: in 1971, 1 ounce of Gold cost $35.00 and 38 years later, $1,180 for a 97% devaluation...

This trend is not going to change at a time when the printing press is going full bore and I'm certain that I will see my initial $2,975.00 target in the next couple years, if not sooner...

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Reply to Tripps - Msg #5718 - 11/28/2009 21:01

Re: Napolian, what is your exit plan if you are wrong??? ... NONE: I'm in lon...

I'm not sure. you saw what happened on friday..liquidation/deflation trade -= sell all assets and go to USD

I would like to point out the price of gold and the SP500 is at a 1 : 1 ratio

DOW has been changed so many times with the components its useless now. SP500 is more diversified and easier to compare historically IMO

at 1 to 1 now....perhaps the new benchmark

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