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Author: northhill Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 102  
Subject: Good harbor in inflationary times Date: 6/5/2008 11:14 PM
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Back in the JC era (Jimmy Carter), I was stunned by the prices the wealthy were paying for things.....paintings, antique jewelry, old cars, you name it. The highest priced of these items being sold were touted by ancient rivals Sotheby's and Christies. Years ago I contemplated buying gold coins and putting them by but dragged my feet...thank goodness. It was decades before gold made a move again, although it has moved well over the past 18 months. Will it go down again? Yes, as surely as it went up. It either languishes or is overpopular. I would rather buy into a business. When BID made the HG recommendation list, I bought in, having already been considering this business as one that would thrive in inflationary times. Anybody have any other thoughts to offer?
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