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<p>[QUOTE=&quot;goldcollector, post: 2738163, member: 9088&quot;]The first interest rate hike was DEC 16 2015. Gold opened at $1058 that day. There have been more hikes and still in those 17 months gold is up almost $200 or nearly 20%.</p><p><br /></p><p>I don&#039;t know why an IR rate would drop PMS. I guess the theory is we are gonna move out money to a savings account for the extra interest. I&#039;m sure the fees are still more than the 0.15% interest so I doubt its going to happen. I think we just get some fear selling before any IR hike but in the long run all an IR hike does is raise govt borrowing costs.[/QUOTE]</p><p><br /></p>

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