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To: Joan Osland Graffius who wrote (48872)8/2/2002 10:34:29 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 209892
 
<<This brings me to thinking of commodities of some kind. Why would not gold, silver, palladium, platinum and rhodium be an alternative to the US dollar?>>

True, and they're not overpriced compared to other "stores of value" out there, ie, land and houses in particular. Just hard to say how the base metals (and platinum by extension) will do in a deflationary environment. Obviously, BubbleBoy will continue to push with all the power vested in him by the Government and JP Morgan....but it all goes down the debt sinkhole once the residential real estate bubble implodes. Obviously, only the most vital of commodities will retain value in that scenario, and I'd contend that it may be food before metal. Hmmm, anyone gotta link to one of those freeze-dried food online web sites?

EDIT: Never mind, found a couple:

storablefoods.com
areyouprepared.com

...and this would pretty well cover the landscape:

discountchristian.com

What the heck, I've sunk a good chunk into gold, might as well go "whole-hog" and pick up a some of this stuff with my soon-to-be worthless clownbux, eh?<G/NG>



To: Joan Osland Graffius who wrote (48872)8/3/2002 7:59:55 AM
From: re3  Read Replies (1) | Respond to of 209892
 
Joan, around here they seem to (for better or worse) be sniffing around INCOME TRUSTS...the list of available income trusts in the papers has ballooned...some of the concepts for income trusts actually are quite hilarious (although they may be profitable)...i keep telling people not to stretch too hard for yield but they feel that high interest yield (which they perceive to be 'safe') is some sort of entitlement...

also are citizens not "told" that there is no decline in purchasing power, i.e. that inflation is LOW LOW LOW ?
(sheesh i'm sounding like a wally-mart commercial !)

ahh, i keep adding to my post !

I looked at renting a house for $ 1350 per month canadian plus utilities, and the house next door (probably not renovated) was listed for 249000 and probably sold for about that...this seems to me to be a return of 6 % or even less after renovation and maintenance and taxes and such...but people are willing to take this sort of thing on...seems like a lot of "agro" for a few percent return...