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

To: IngotWeTrust who wrote (90004)	9/26/2002 7:05:23 AM
From: E. Charters	Read Replies (1) \| Respond to of 116834

Normally I don't get into tit for tat arguments but your rebuttal as usual is a tad presumptuous of your superior wisdom. Rhetorical devices are not presumption of your actions, but flow from assumptions from your philosophy. You could insert "most people believe" instead of "j'accuse". Frankly I don't care what you do. Not in nasty way, but your business is your business, not mine. I respect what you do at any level. I am not suggesting that you borrow money if someone drops a brick of gold on your foot. Except if you need it to go to the doctor. What I am saying is that the people who say GOLD IS A WASTING ASSET, are full of shit. Not manure, shit. It's price fluctuation, if it were a wasting asset, would be constantly down. Gold does not waste. It does not fail against currency or money's increase. I am just saying that many have the illusion that paper MUST increase in value because you put it in the bank! It is the other way around. You MUST put it in the bank because it pays interest and thus, de facto, WASTES in value. Gold on the other hand reflecting its buying power must RISE in price as money falls. It's that simple. Many people on this thread wax enthusiastic about gold being a pile of crap, but their assets and investments being G--RRR-EEAT, like Tony the Tiger eating Frosted flakes says. What are their alternatives to safe havens like gold? Well? Well? Real Estate, tech stocks, futures, derivatives, insurace, -- any paper at all?.. bonds..? Bond';s sound good. I am sure NO ONE has lost his shirt in bonds. Maybe his house, car, and inheritance, but they retained their shirt. It is apparent they have no replacement. Not platinum or T-Bills or the pillow case stuffed with cash. EC<:-}

To: IngotWeTrust who wrote (90004)	9/26/2002 8:39:04 AM
From: loantech	Read Replies (1) \| Respond to of 116834

<Paid cash for my current residence, and don't sweat the mortgage game. And I NEVER will again.> <3. Yes, I did move out of my house. Don't own a house, not anymore. Probably will never buy another one.> GT, On August 20, 2002 message # 3277 above you said you paid cash for your house but this morning on the GPM thread you say you moved ouut and don't own so I guess you sold at the top and moved in the last 30 days??? LOL. Always on top of things GT, congrats for selling at the top.LOL. Tom PS:When you sold did your buyer get one of those awful mortgages?? Or did you carry the paper???