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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (15546)	12/12/2002 4:14:41 PM
From: eddieww	Respond to of 19219

I'm not a gold bug myself, although I do own some miners in my IRA acct. IMO, gold isn't even a money substitute, but just a commodity like any other durable commodity. Because of it's long history as money there will be increased demand for it in difficult times, and given the comments by Greenspan and Bernanke last month, serious difficulties may lie directly ahead. I hope you didn't wait too long to hang your "for sale" sign on your house. Here in southern California the market has peaked and, if interest rates continue drifting upward, we have probably seen the highest prices for a few years. I don't know much about the Greek economy, but I assume the bet you're making is that there will be demand for retirement property from the post-WW2 generation. Probably a good bet. I would only worry whether the recent political and monetary european union will be able to hold together over the longer run. There are huge differences in culture, economy, and aspirations being included there. Not to mention centuries of strife and bad blood. Good luck!