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IPFS News Link • Economy - International

Liquidity crisis hits markets and gold

07-28-2007 • Prudent Squirrel

Gold suffers because it is sold as a liquid asset by funds and investors to make margin calls among other things. As losses cascade in this latest world stock crash in Asia - down 2 to 4% last night, Europe - down about 2%, and US down 2% or so

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Reported By Jean Carbonneau

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