When gas hits $10 a gallon,American automakers won’t be able to give their cars away. In my opinion there are way too many cars out there on the road as it is(and I mean parked).Someone said inflation stymies spending, someone else says deflation makes people wait till it’s cheaper. I say it’s fear that keeps people from spending and right now rich people are afraid(what does that tell you),smart people are afraid! I think gold is overvalued right now, but I also think it will go higher before the year is out, since I can’t eat it, I’m not buying it. If I was to speculate I would say invest in what lasts a lifetime(yes I guess that would include gold).
