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Gold Rush intensifies even as commodities crash
Investors are back to the safe haven--gold--even as financial turmoil is sweeping across USA and Europe. In many nations, the demand for gold bars is unprecedented that they pay $25 per ounce above London spot rates to secure scarce bars. Read News
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"Although gold does not necessarily remove the counterparty risk"
WHAT??? The writer obviously does not understand that gold has no counterparty and therefore no counterparty risk.
Ignorance is bliss it seems...
Posted On : Oct 02, 2008 12:45 AM
