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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (21081)	6/4/2004 10:13:14 PM
From: sea_urchin	Read Replies (1) \| Respond to of 80950

James > And on and on until the bank has so many bad housing loans that it closes In a slightly different, but similar, vein, here's what Dr "Gloom and Doom" Faber has to say: ameinfo.com >>Dr. Faber continues to recommend staying out of markets, with lower bond prices and much higher interest rates on the horizon. In particular he is concerned about the US housing market. Asset inflation always comes to a bitter end. As I [Faber] have maintained before, this is not a time to play hero like the brain-damaged president of the US in Iraq. It is a time to stay of out of all assets and be patiently waiting for better buying opportunities. In particular, I am concerned about the US housing market. In some areas of the US, housing prices have been rising at almost 30% per annum in recent years and overall prices have doubled since 1997. The question, therefore, arises when this housing boom, which was fueled by ultra low interest rates and allowed people to refinance their homes, will come to an end. << Stay out of all assets and hold paper money?! Now there's something from someone who only a short while ago (Nov 03) was recommending gold for the next two years. ameinfo.com >>The problem I have is that I don't find many bargains today anywhere, except maybe among precious metals, which are partly commodities and partly the only really 'hard currencies', whose supply cannot be increased meaningfully. Platinum prices are at a 23-year high. Thus, it is entirely possible that also gold and silver will fly to the upside in the next two years. <<