Tuesday, August 24, 2010

Lower home prices


There is good news and bad news. First the good news - there are lower home prices. OK now for the bad news - this is due to our poor economy. Sales of homes are at a 15 year low now. Here is what this means. Basically, that there is no recovery. Sadly, the false rally of the stock market is near over.

Meanwhile, gold is going up. People are fleeing paper currency. They want the safety of precious metals in their portfolio, as gold have been a secure investment for thousands of years.

No comments:

Post a Comment