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02/12/09
23:11
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Gold is right up there at the moment around $1200.
IMO this is a long term movement and the bull cycle for gold is just begining
Off the back of this I also believe the best way to play it is to go upstream.
Like with AZM
AZM are not going to dig any gold up any time soon.
And I believe the longer it is in the ground the better for the stock.
Cause around the time it does come out the price of gold could be exponetially higher.
Why?
IMHO I believe that the US of A is crucifying there currency
And that the actions of todays US money dilution and devaluing cannot be reversed.
Also I believe that Gold is not in a bubble.
A bubble usually involves every man and his dog saying that nothing can possibley go wrong.... everyone gets sucked in.
In this instance gold has risen steadily against a considerable amount of negativity.
And still there a those out there that question the ongoing march of gold.
A bubble???? I think not....
While the devaluing of all fiat currencies occurs... There is a compelling story to be told about gold.
Just my thoughts
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