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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: George Landin who wrote (4803)	12/26/1997 6:57:00 PM
From: edde	Respond to of 116753

IMO LAkefront and Oceanfront properties are getting scarce. German investors buying Oceanfront properties in New Brunswick and Nova Scotia. Japanese have bought up a big percentage of Hawaiin oceanfront. I personally picked up 4000 feet of lakefront in N.Y. state in 1975. Its worth a lot more than Gold based on today,s price of Gold.E//.

To: George Landin who wrote (4803)	12/26/1997 9:07:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116753

No expert here, but there's alot to be said for a coming deflationary/credit contraction. During such times there isn't as much money around to consume, fewer loans are made and loan defaults are more common. Which means lower prices, because of forced sales. Prices tend collapse to what little people have without credit. Real assets, including real estate, do poorly. The govt response to that type of an economy is often to inflate. I don't know much about Canada's economy, but I know the $Can is pretty weak now, so maybe this is already happening in Canada. During inflation, all real assets do well. I'm buying gold and gold shares now because I beleive they have aleady suffered and should do well during either a serious deflation or inflation.