Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (46610)	1/3/2000 9:13:00 PM
From: marcos	Read Replies (3) \| Respond to of 116764

As i recall gold peaked in mid-January of '80, then fell off sharply. Mortgage rates had been rising for some time, but as of January hadn't passed 12% [this is entirely from memory, could be wrong] ... it wasn't until April or so that rates really spiked, then peaked out around August. I think the interest return was indeed making CDs more attractive than gold. I do remember it vividly, if not accurately ... would have been all in cash as of 1 May if a purchaser had been able to qualify for a mortgage -g- ... i had to refinance in August - 22.25% - and that was a deal, from a friendly. Six months later the land was worth half. It's all different now, though. Just buy cmgi and keep adding as margin allows. Message 12451754