Thyroid hormone does not cause bone
loss, it simply increases metabolism
and therefore the rate of the current
bone formation or
loss. Most older women are losing bone due to their combined sex steroid, DHEA, Vitamin D, and growth hormone deficiencies. The solution is not life-long hypothyroidism, but the correction of their other deficiencies. "
http://hormonerestoration.com/files/ThyroidPMD.