Morris Dovey wrote in news:48e8e630$0$48221$815e3792
@news.qwest.net:

The booklet covers Federal Reserve notes... Care to take a wild guess as
to how they're secured? (Does "bank paper" have a familiar sound?)


Value, whether fine woodworking, solar installations (BG!!), FR notes or
gold, is best defined as "what a willing buyer would pay for it".

Problem is definition of willing buyer. In a "hot" economy he is much
easier to find than in an economy just entering a recession. All those
properties secured by subprime mortgages were quite valuable 2 years ago.
Now they're worth much, much less. Most likely they'll be worth much more
again in a few years.

--
Best regards
Han
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