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<p>[QUOTE=&quot;Rono, post: 1658994, member: 6492&quot;]Howdy medoraman,</p><p><br /></p><p>I think he&#039;s referring to how the POG is actually up in terms of most other currencies around the world.&nbsp;&nbsp; It&#039;s down in terms of US dollars and that&#039;s pretty much where we play.&nbsp; Most all of the Central Banks are engaged in Quantitative Easing [read:&nbsp; printing currency with abandon] and that&#039;s debasing their currencies.&nbsp; We have the &#039;fortune&#039; of basing our transactions in dollars and the dollar is both the int&#039;l reserve currency and in the sense that it&#039;s the least smelly pair of dirty socks in the hamper - store of value.&nbsp; This has resulted in a pretty much permanent backwardation situation in the precious metals highlighting the divergence between the paper price of bullion vs. physical bullion on the street.&nbsp;&nbsp; Alas, you can&#039;t really play this arbitrage unless you&#039;ve got foreign accounts.&nbsp; All that us peons can do is buy, take possession and hold physical bullion.</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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