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To: Terry Whitman who wrote (11090)8/15/2000 12:54:04 AM
From: chic_hearne  Read Replies (1) | Respond to of 436258
 
Terry, that is one of the best posts I have seen in a long time. You summed it up perfectly. In my opinion, much of the bull rides on what you point out.

_______________________________________

IT looks unanimous. The US real estate market has been white hot for the last year or more....

And you guys are trading stocks. <g>

I think the whole 'new economy' hinges on one big Question-

How long will the rest of the world keep sending us their goods and raw materials in exchange for green paper and stock certificates?

If you can determine the answer to this, and act accordingly- You will win the game, mi amigo.



To: Terry Whitman who wrote (11090)8/15/2000 1:02:38 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<IT looks unanimous. The US real estate market has been white hot for the last year or more....
And you guys are trading stocks.>>

I basically agree with you...but the problem with owning real estate now is timing. If you exit too early and hyperinflation develops, you end up residing in the Lucretius signature model cardboard box. If you hold land and you wait too long, you risk getting pulled under by the post implosion undertow.....and move into the Lucretius starter model Sun Solaris cardboard box. Either choice sucks like a White House intern.....

Got liquidity?<G>



To: Terry Whitman who wrote (11090)8/15/2000 2:28:45 AM
From: maceng2  Read Replies (1) | Respond to of 436258
 
Terry,

Re
How long will the rest of the world keep sending us their goods and raw materials in exchange for green paper and stock certificates?

It's perfect as far as I'm concerned. As long as precious metals are CHEAP, the magic machine of the dollar and the stock market is used as a generator to own a big a slice of them as you can handle. The only rule is don't get caught with too many $$'s when the sh*t hits the fan on dollar currency.

Worst scenario...

You end up owning a mountain of worthless gold and silver.

Hey, so in that case the jewelry trade would be the "hitting the skids" in business.

Not so bad -g-

Am I missing anything here?

pearly.



To: Terry Whitman who wrote (11090)8/15/2000 8:33:41 AM
From: Archie Meeties  Respond to of 436258
 
There's no viable alternate currency, and until there is, we can continue export inflation via currency creation. The only currency with enough liquidity is the euro, and who wants to hold that?

Only something big - like the BK, or crude settling in euros, could change the world from a single world reserve currency into a dual reserve system.