Quote:
Originally Posted by PropGuy
tanked means lost considerable value against other currencies. Gold prices shot up $80+; in the NY session investors were taking their money out from banks and stock market and investing in gold and silver. They don't trust financial system at the time being, and moving their money to safer investments. Gold, silver, and properties are safer investments then keeping money in US$. Gold and silver being more liquid than real estate. Euro is going through financial troubles too.
You can read it tomorrow in business pages, what happened today will go down in history.
As for my unqualified comments, I told this would happen a month ago when US$ was rising. Most people did not believe me then  |
I know all this, but YOU said that property prices will come down... I think it will be the other way around just because of the reasons you mentioned by yourself. Raw Materials are by far the better bet now, real estate as well. Especially now everyone knows that it's the right time again to buy Gold and silver!