There is no way in Dec. 2004 I saw this coming. I will say my gold hedged against my stock loss. I’m about even.
The vast majority did not either. There we a few of us on here who did see the signs. When warning statements concerning the over-inflated housing situation was creating a bubble which would inevitably burst, coupled with a meltdown in the sub-prime heavy banking system, overlapping on the inflated stock indexes, that same vast majority said not to be concerned, as they continued flipping houses like baseball cards, along with feeding their stock brokers commissions.
"I will say my gold hedged against my stock loss. I’m about even."
Good call!
Watch those stock indexes to decline another 50%.