[Jewelry making - Article 01125] - Re: [Orchid] Price of gold

[LSHancock]

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    I'd like to "weigh" in on this debate.  Having been in the business
    for my whole life I have always been interested in the price of gold
    and what makes it move.  In my opinion since Nixon took us off of
    the gold standard, gold has become the shelter of uncertianty.  The
    uncertianty has taken many forms. In the late 70's early 80's the
    uncertianty was inflation.  In the 90's it was tied pretty closely
    to the dollar and how it performed (I think the uncertianty then was
    of the US deficits both, trade and budget).   Today, with the
    uncertianty of war and the economy, we are likely to see gold trade
    with more volitility.  It may even begin to be affected in the same
    way the stock market was in the late 90s with everyone jumping on
    board.  In that case, look out!  It may be a bumpy ride. 

Larry 


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