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Be careful about the gold comments.
I think you will find that much of the gold is being purchase in India
(the world's largest market). Many of the buyers represent specific
cultural groups through out Asia and the 'investing' in gold isn't
being done as an alternative to US dollar investment. These investors
are buying gold for other reasons.
Central banks have been large sellers or gold over the last few years
and have very low levels compared to prior periods. They are looking
for more productive assets.
I agree people are buying a lot more gold. I disagree with the message
such purchases are sending to the market.
John
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Re: Real Estate to slow soon....
