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Gold Price Discussion
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<blockquote data-quote="dave14110" data-source="post: 738" data-attributes="member: 14"><p>When economy America sneezes & Australia normally catches a cold with exception to the last.( although they say offically we didn't have a reception I believe we did and have recovered fully) They were talking of depression in America on the morning news so watch out Aussie's. </p><p>It is also a well known fact that gold value goes up during recession & depression, Simple put people start reverting to gold as safer currency or safer to put away. So that creatates more demand for gold increasing prices. </p><p>This is my opinion only.</p></blockquote><p></p>
[QUOTE="dave14110, post: 738, member: 14"] When economy America sneezes & Australia normally catches a cold with exception to the last.( although they say offically we didn't have a reception I believe we did and have recovered fully) They were talking of depression in America on the morning news so watch out Aussie's. It is also a well known fact that gold value goes up during recession & depression, Simple put people start reverting to gold as safer currency or safer to put away. So that creatates more demand for gold increasing prices. This is my opinion only. [/QUOTE]
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