Bailout Could Spur a New Gold Rush

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The New York Sun

A James Bond villain who would be overjoyed today if he hadn’t met the fate of all 007 adversaries is Goldfinger. The words vary, but that’s essentially the message from several market watchers who say they see sizable market risk in Uncle Sam’s bailout — a $700 billion rescue package they call heavily flawed, strongly indicating the prospects of further dollar weakness and higher inflation. That, in turn, could trigger a new gold rush.

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