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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (25413)	12/12/2003 4:28:31 AM
From: Proud Deplorable	Respond to of 39344

<<That's not going to happen >> If interest rates go up only 1 1/2% in the USA the whole system will collapse. Oh but it WILL happen. It's inevitable I'm sure. Bush can't hold it together. He is NOT in control of interest rates like the public thinks but that is the big deception. The reason they are sounding like they are backtracking is because they realize that they no longer have a choice. They have to raise them and soon. <<People forget so soon that it is location that counts>> That's right and when the crash comes it will take those who think they are in the prime locations down the hardest. We own real estate in Beverly Hills, an area over very high prices and demand. Do you remember the last crash there? I do. Fasten your seat belts, get out of your homes at the top of the market (now) and rent if you can and ride it out or risk losing 75% of the value of your bubble homes in good neighborhoods. Here in Vancouver the expensive homes over 1,000,000.00 aren't moving but below 500,000.00 its hot as a pistol. Driving around in the wealthy neighborhoods one sees hundreds of for sale signs in front of the flash homes, the owners of which know that it's the top and are trying to get out. They aren't stupid like the masses that are buying at hugely inflated prices thinking that interest rates are going to stay this way for a long time. This is the perfect climate for real assets like gold. The perfect storm is coming. The sky is falling. emerson.