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Thursday, 09/09/2010 10:52:10 AM

Thursday, September 09, 2010 10:52:10 AM

Post# of 174031
Anecdotal Evidence that gold may have topped and real estate may have bottomed:

Recent ads on tv have included:
1. Pat Boone and G. Gordon Liddy pitching purchase of gold.
2. Robert Wagner and Henry Winkler (Fonzi, for God's sake) pitching reverse mortgages.

JMHO:
There have been so many negative views of US economy that gold has gone up and real estate has gone down for a long time. There have been many many many people talking the wisdom of fixed income and precious metals. All things must pass, so eventually the US economy will show evidence that it actually is growing stronger. When that happens, gold will not continue much higher and could see a significant sell-off. Same with US Govt bonds. Also ... if the economy begins to get stronger per GDP growth (and unemployment rate starts falling), real estate's fall will be about over.

Someone once said, "When everybody is thinking the same thing, nobody is thinking very much".

Speaking of Healthcare, aren't you glad all doctors don't lick their fingers? ;>)

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