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Gold 'Frenzy' to Continue for Long Time

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Uploaded by on Nov 8, 2009

Gold held above $1,090 an ounce Friday ahead of the US October jobs report. Charlie Morris from HSBC Global Asset Management told CNBC he isn't "particularly excited" about gold in the short term, but is bullish in the long term. "This story is not over until a typical portfolio has 5-10% invested in gold," he said.

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  • 1628 USD as of today (2. August 2011).

  • of fiat money (1971) over thousands of years of world history where mankind has favored gold? Mankind used gold not b/c they were barbarians and we have now finally evolved. Gold is not an archaic thing. They used it b/c it represents everything that money should represent. Like the guy in the video says, "It is the highest quality asset on earth."

  • Another bubble! Is this what you think? If you do, you must not understand that money is created from debt and fractional reserve banking only adds gasoline to the fire when it comes to a debt backed money system. The world's current monetary structure is tragically flawed. As long as we have debt backed money, we will continue to see it compounded on top of itself. This is not good for the USD and favors anything that acts inversely proportianate to it. Are you really going to use 4 decades

  • another bubble

  • I am a lawyer and disagree with the guy who says you cannot transact in gold. I'd MUCH rather take fees in gold than cash.

  • The answer to his question is silver. Silver has been used as money longer and more often than gold throughout history. Sorry gold bugs but tis true. silver dime 2$ qaurter 5$ half 10$ one ounce 20$. then use gold for big transactions.

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