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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: long-gone who wrote (34647)	5/29/1999 5:40:00 PM
From: PaulM	Read Replies (1) of 116764

But Richard, what about all that deflation? In computers for example. They represent, what, a full .02% of what you and I spend overall? Your chart illustrates very clearly that real interest rates are negative and have been for some time. Just think of putting money in treasuries to "save" for a home in '91--at say 6%-- and all the house that you couldn't buy by '99. At the same time, there are more home buyers than ever today because lenders are willing to finance anything on almost any terms. This past year is the first I've heard of people putting no money down on a mortgage. I think many of those buyers will do alright. In then end, the Fed will resort to hyperinflation. No doubt about it. How else will these debts be paid?

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