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Southern Europe faces a "10-15 year managed depression," is the quote making headlines from a
Ray Dalio interview on CNBC
this morning. The best moment, however, came when Dalio - bullish on gold - is told by Andrew Sorkin that Warren Buffett won't touch the metal. "Tell somebody who cares," seems to be the look Dalio gives Sorkin in response.
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Gold never changes in value only the value of the paper money
that is required to buy it changes, the Fed will continue to devalue
our paper money so it will take more money to buy gold. Keep paper
money or buy gold that is the question.
Sep 21, 2012. 11:33 AM
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