Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (1254)	6/25/1998 1:33:00 PM
From: Ray Hughes	Read Replies (2) \| Respond to of 1911

Hi Darleen, I'm in B.C. every day - I live in LaLa Land. And I agree - RE prices have topped and dropped. Causes are multiple - recall of Asian money, collapse of local employment in basic industries, economic scare talk, etc. Nonetheless, over a ten year span, while gold dropped from $450 to $285, B.C. RE prices today remain multiples higher, despite topping and dropping 25% from peaks. So for Asians seeking to preserve their capital, RE still has outperformed gold. I suspect that smart Asian money may figure that the present currency turmoil may be creating an opportunity to return money to Asia to go bargain hunting. That could substantially damage prices of upper bracket B.C. Real Estate over the coming few years. Therefore, I am willing to accept that, from here, gold could outperform B.C. Real Estate. RH