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To: Bucky Katt who wrote (161)	2/24/2004 2:51:20 PM
From: Baton	Read Replies (1) \| Respond to of 1338

With that in mind, where are you keeping cash? Realistically, how possible is default of money market accounts? Of FDIC insured accounts? If that $hit hits the fan, gold really could go to 2K oz. Oh my..... Baton

To: Bucky Katt who wrote (161)	2/24/2004 2:54:59 PM
From: tsigprofit	Read Replies (1) \| Respond to of 1338

Exactly William. People had to use their credit cards and home equity to pay the bills. Not much choice when industries like IT imploded in 2000-2002. Some might say - well, those people should just have found another job - but THERE WERE NO JOBS (or very few anyway). When people earned 60k-70k a year, a job at the Mall wouldn't do either. And, current unemployment is a joke - barely covers monthly COBRA payments for health insurance. The sad thing is, we are losing very knowledgeable people right now in computers and other fields. We will need these same people in the future if we want to compete with Inida, China, Japan, and Europe... >> What is happening is that people that are under-employed or un-employed all together are using the equity in their home as a bridge loan,