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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Claude Cormier who wrote (62300)5/31/2006 8:39:13 AM
From: loantech  Read Replies (1) of 110194
 
I think it does. I see many borrowers without a down payment. Zero savings to speak of maybe $2,000.00. Live from pay check to pay check using credit cards to boot. So not a lot of room for gold purchases.

Of course there ae others with good savings and good home equity but a lot of them still think gold bugs are well kinda buggy. We are along ways from the bull when people will be asking Grandma and Grandpa for gold artifacts.
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