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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (59784)	6/10/2002 4:34:04 PM
From: Dave	Read Replies (1) \| Respond to of 77399

Agreed that people would rather have fiat currency than gold, but the main reason is b/c holding onto fiat currencies is much easier. Additionally, many individuals holding USDs in the US could care less how the USD moved in relation to either the Euro or Yen. That said, many would panick if Gold spiked downards.

To: RetiredNow who wrote (59784)	6/10/2002 4:52:25 PM
From: Eric	Read Replies (1) \| Respond to of 77399

OT Yup! It just got too attractive to let those high prices stay! All I can say is what country do you want to be in when the world starts to melt down? It doesn't take too much intelligence to figure out where (here!). I've been watching and investing in the real estate markets for over 30 years and while some micro markets in it are taking corrective hits I still see demand pushing prices much higher. Land use laws (GMA's - Growth Management Acts) to control suburban sprawl and push it into urban areas has pushed up prices in both urban and especially rural areas. Here in Washington state we passed a very controversial law in the early 90's to control growth in rural areas and prices took off! Many areas in the country are doing this to stop freeways being built everywhere. The problem is it has caused home and land prices to take off. When looking at demographics on population growth I don't see this slowing down. I know we think the boomers is all there is but immigration is pushing the equation even harder. Demand and interest rates pretty much determine housing prices and right now things are pretty hot. High end housing in some markets is coming down but those are in special areas like Silicon Valley. Macro wise things are still humming. Even if rates rise significantly we won't see a slowdown until rates get near where they were in the late 70's when I bought my first house. It will be interesting to see where things go. Eric