how big will the 2009 gold bust be?

Gold

Today gold is just about where it was a year ago.
what if the world population stays in a buying mode? Is it because gold is a safe haven, or fear manipulated ?
Alot of people have different ideas of why. Politics , economics , shrinkage ( a government word for corruption ).
I like gold for two reasons. It helps make a diverse portfolio, and I really like some of the great art on those coins. Silver is Ok to, but I just do not like to store it. If you like some coins it is hard not to have some.

 

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Tonight there was a report on Chinese coming over and buying up real estate thinking they are getting good deals. Similarly the Japanese did that as you allude to back in the 1980's. Time will tell if they are making the correct decision. I am inclined to want to buy a house right now, but I am not quite convinced we are at the bottom of the market now.

I don't believe the Chinese government will invest as much in the USA, look at the tensions, the griping about human rights etc. Their investments are going into Latin America and Africa. They are investing in infrastructure etc. in a fashion that the old colonial powers never did. Of course they are looking at raw materials coming in from these places.

 

A house that was $250,000 2 years ago in the Phoenix area is now about $110,000.

 

There are lots of houses in the Detroit Michigan area that are selling for a dollar now.

 

I'll take one!

We live in a bus.

I wonder if they'd take PayPal?