Got Gold? I disagree with him, I think his number is too low.-LouGold prices may hit $1,500 (Dh5,509) an ounce in the next 12 to 15 months, Gary Dugan, the Chief Investment Officer (CIO) of Merrill Lynch, said yesterday.Dugan termed his apprehensions of gold striking such a high as a "fear" that may come true. He reasoned that such a price would mean the other commodities and streams of investments have been shunned by investors.
With confidence in currencies shaken to the core, the yellow metal is increasingly assuming the role of "the most trusted currency", Dugan said. "We have never seen such a rush to buy gold. It's bringing in security and it's still affordable."
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Madoff must be, deep in his psyche, anti semetic. His list of customers seem to be mostly of jewish ethnicity. You might say, it's a financial holocaust. Another Hitler to hurt the jews.
ReplyDeleteHe is Jewish himself and very active in the Jewish community. His social contact with the Jewish community is what built such a large Jewish client base
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