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To: Recovering_Democrat; Travis McGee

After 9/11 I bought a whole bunch of the following bgo & vgz
Outpreformed my no choice in how it's invested 401k by a long shot. I don't think that us "gold bugs" are against economic growth, but you would be foolish not to have some tangible assets that are liquid and not entirely dependant on the USD. I invest some money in traditional investments, some in stockpiling goods and materials that I will need or that could be traded for things that I wanted if my USD suddenly had 1/2 the purchasing power. I think those that will be hit hardest are the majority that are living on credit! The only thing that I have that is not mine free and clear is my house and I have been making extra payments whenever I can. I get 2-3 letters a week telling me to be smart and use the equity in my home, not thanks


21 posted on 12/01/2005 11:02:36 AM PST by vrwc0915
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To: vrwc0915
If the real estate market turns down, watch out. Millions of Americans who bought homes (often 2nd "investment" homes) will be upside down when the monthly ARM payments ratchet up. The spillover is going to be ugly when they start defaulting.

Not to mention the fools who HAD equity in their homes, but decided to take out a fresh (ARM) mortgage, to buy the big SUV, the giant plasma TV and so on. FOOLS! And millions of them....

25 posted on 12/01/2005 11:10:09 AM PST by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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