Seems to be some inherent contradictions with your reasoning there and a self aggrandizing perspective on the world. Have absolutely no doubt that the world financial system is in a parlous state but to suggest that real estate will drop in value , and then to have a missionary belief in that can also be quite shortsighted. Consider it possible that we are in unchartered waters and that inflation will cause real estate to hold its nominal value whilst losing its real value.
Little bit more complex than you imagine, the same essentially is true of your gold and silver holdings as they too are a hedge against inflation. The world leaders are deflating debt by printing money and that makes any financial/cash asset/shares more susceptible to financial shock. Real estate in this country, hugely deleveraged in comparison to the US is in the hands of people who own and live in this asset and will not run and sell. MOST will see the need to stay put. To take a rented position holding gold and silver, physically will also place you at immense risk with your fellow man and governmental confiscation let alone no income provided.
Far better to own real estate even if it should drop in value and hold gold and dispose of such gently when the time is right than have a stash of it and try and unload to buy the so called bargains and draw attention to yourself
Many . of the real estate books from the US have for many decades advocated a percentage holding in gold, that ratio at present may be prudent to increase , but many of us, me included have taken a position there more than a decade ago. This exclusive bashing of real estate and taking of the temple high ground by economic theoreticians is quite ridiculous and Keen is right up there
