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How would gold help if the economy slows down dramatically?
*Dow Theory Letters, Richard Russell, September 11, 2006
“If the US goes into a deep recession, a recession that might cause the world to question the “viability” of the dollar, then gold could go to the moon. We should also remember that if the US begins to slide into recession, the Fed would fight that trend with all the resources at its command. Fed Funds could be reduced to zero (which we saw happen in Japan), liquidity would be expanded to massive proportions, and there could conceivably even be a moratorium on debt payment.”
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