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The value of gold doesn-t depend on banks or governments keeping their word. In fact, the more they fail, the more gold is worth. And now, with public faith in the system dribbling away, gold is becoming one of the last safe havens. Also, the global financial crisis is far from over. It could topple into either inflation or deflation. Holding a strong position in gold is a good strategy in either case.
May 25, 2010
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