RE: RE: Any comments on how gold has beenI concur with Nisbet.
One more thing I'd like to bring up is the slick ad's on Canadian radio telling the sheeple how to make hoards of money on the "BOOMING commercial real estate market " . Another ad I have been hearing tells people to "BUY luxury resort properties in the US, because the Canadian dollar is strong, (another one of my pet peeves) and the US real estate market is weak!". (Talk about trying to catch a falling knife!)
In both cases I believe this is the distribution phase of normal market activity. The problem is those who follow the markets are wise to the whole situation and they have to attract a new crop of naive lambs in for the slaughter. A brilliant plan I say! Get a bunch of people who "think" they are wise to the world because they "listen to news radio" and have a trusted announcer do the ad inviting people into this "wise investment". Quote the price gains near the end of this real estate bubble, and end the ad with "Don't miss out on this opportunity!".
With the crash I see coming the two things I am focused on are... #1 No debt, or as little as is possible.. and #2 Hold gold and silver for the coming devaluation of currency.
I am holding both physical PM's and PM stocks for the upcoming financial collapse.
Regards,
Wolffy