the author assumes that global economies will remain sound through the us downturn. is this a realistic assumption? europe is facing a liquidity crisis and housing boom of their own. china is facing stiff inflation due to pegging the yuan to the dollar. canada and australia… with strong regional currencies, are they to become service oriented economies like the us?
if you invest in gold, but dont get out in time for the inevitable (and historically rapid) reversal of liquidity, how will your investment fare?
for savvy investors, gold may be a good bet, but for joe 401k… seems to me the gold rush is as risky as ever. sure, it’s going up for now. sure, it’s better than blackjack. but when to cut and run? like all the re investors who knew a sure thing when they saw it…
