I have never mentioned dates. I only point to severe global economic imbalances that will balance themselves in their own time. Gold is already telling us something is very wrong, and it will continue to do so until the imbalances reach an albeit painful equilibrium. It's not gloom and doom, it's just basic free market economics. We as consumers and as a country have gone on a credit binge, and soon it will be time to pay the piper. It's as simple as that. You can either acknoledge this fact and profit from it, or be the one of the millions left holding the bag. It's up to you.
I could hear the beautiful strains of "God Bless America" during that rant, couldn't you?
Gold bars pay no dividends. You can't use them as money. Gold is now lower today, than its high in the 1980s, and will continue to drop.
The London real estate market has already had a correction and THAT was a SOFT LANDING!
The vast majority of people buy a house or an apartment to LIVE in; as they should. Thinking that one's home is an "investment" is NOT the way to look at it.
Real estate is cyclical; it always has been.
It's telling us it's finally gotten back to the same level it achieved in 1993?
We as consumers and as a country have gone on a credit binge
Yeah right. Look, our debt to income ratio has climbed a whole half a percent over the past 10 years. We must be doomed.
You'd think that someone as studied in economics as you claim to be would understand that any discussion about debt is meaningless without including assets. Since the credit binge assertion doesn't stand up to scrutiny, tell us again about what's driving those global economic imbalances.