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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (64216)	6/20/2006 3:28:34 PM
From: Mike Johnston	Respond to of 110194

would you rather have 10 gold coins or a California house? Today, a CA house (to sell for 1000 gold coins) why would gold cost $8,000 per ounce if California real estate drops 90%? IF CA houses drop 90% then most likely gold would go back to $250 but i was trying to come up with a scenario so absurd that it is unimaginable. Having said that, if Government made gold holdings illegal, and confiscated all gold under a threat of 50 year prison terms, than yes, maybe gold would reach that high on the black market.