Schiff: I recommend investors have no exposure to U.S. stocks or bonds. I think people should have money in liquid, safe assets denominated in Swiss francs, euros, New Zealand dollars, Australian dollars, or Singapore dollars. As far as homes go, I tell people to sell if they can. If they can’t, I recommend anyone who has an adjustable-rate mortgage to get a fixed-rate mortgage fast.
The S&P 500 closed at 889 that day.
There was another 50-100% increase in home prices in places San Diego.
