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China's Gold Rush - May 17, 2010 (3min.)

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  • #16
    Re: China's Gold Rush - May 17, 2010 (3min.)

    Originally posted by LargoWinch View Post
    That is correct FrankL.


    However, I still believe you are wrong in your interpretation as the context is also important:

    You see at the time of Soros' comments, Gold was making new highs and was frequently talked about in the MSM as being a "bubble" (as it is the case every time Gold achieves a new high).
    So the safe conclusion is that we agree to disagree
    engineer with little (or even no) economic insight

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    • #17
      Re: China's Gold Rush - May 17, 2010 (3min.)

      Originally posted by FrankL View Post
      So the safe conclusion is that we agree to disagree
      Yep, I think it sums it up nicely. ;)

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      • #18
        Re: China's Gold Rush - May 17, 2010 (3min.)

        Soros is a billionaire and his comments reverberate around the globe. He has a vested interested in saying whatever he needs to influence others to keep faith in paper currencies because his paper money exposure will always be far greater than his gold exposure. In my opinion, that is all you need to know about his comments.
        --ST (aka steveaustin2006)

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        • #19
          Re: China's Gold Rush - May 17, 2010 (3min.)



          WSJ (May 25, 2010)

          -joaquin-

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