yes, there is a war on savers. you are getting almost nothing on savings because that is the way the system intends, it wants you to spend it so you can help stimulate and re-inflate the bubble.
gold is dangerous, and I do see the potential for collapse. I agree with stockstradr on that one.
if you got money, buy cash flowing properties in areas that have already bottomed.
I seriously doubt major metro areas in Cali (not IE or SJQ Valley of course) will see the type of devastating drop seen in Vegas/Phoenix/SW Florida. So sorry stockstradr, I doubt you’ll see that old condo of yours going for $80k ever. (we had a similar condo story: we bought our 880 sqft condo in OC for $250k, sold at $360k, missed the peak by $15k, the same condo is now selling for $160k.) I think that’s the bottom, I am under no illusion that I can pick that one up at $80k within a few years.
