Graham did say he expected our dollar to drop to 60 cents currently 62.9 He may decide what do do re hedging if the dollar does hit his target. Gold has risen from 2850 to 3070 in just two weeks and history shows that huge rises like this are very hard to hold with a likely drift back to 3000 an ounce.
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Graham did say he expected our dollar to drop to 60 cents...
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