Loading ...Gold has a long way to go. We will NEVER see $4500 again in our lifetimes. Gold is now real money, and gaining real value, not like stocks bonds and real estate at all.
Like I keep saying, we or our system is in reverse. James Dines used to say, after every massive inflation (like stocks and real estate) they always end in a deflation.
The last time we had a deflation was 1929 my friend’s grandfather, bought three houses in a row on Oak St. Everybody and their uncle has been trained to get rid of their excess dollars and have been buying stocks and real estate. Forming impressive bubbles.
A friend of mine told me a friend of his, bought a $1.2 million dollar house all cash, and three years later, property tax was $37,000/yr. So he sold it to another cash buyer for $1.3 million.