Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (6547)	12/18/2002 1:21:12 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 10157

damn, my local gold store doesn't take credit cards...

To: Win-Lose-Draw who wrote (6547)	12/18/2002 5:53:21 AM
From: macavity	Respond to of 10157

Yup! Debt is a state of mind! Load up! Here in Japan, there was an article on Bloomberg saying that with the interest you got on a 100M JPY loan (USDJPY~120) that you could get 2 regular cups of coffee at Starbucks every 3 mths! I actually drink the larger sizes, so I will be keeping my money somewhere else for now. The worst place for your money is in one of these stoopid banks. In deflation Gold rules as it 'holds' it purchasing value (c.f. 1930s). I do not use the word deflation - though I know exactly what you mean - depression is more correct (I believe) as it reflects a collapse/absence of demand and a lack of pricing power from providers of goods and services. The Feds are just getting ready to print money, but as Japan shows - print away! When there is no demand, prices fall - simple! -macavity