KC is correct,and an indicator of where the future of property is possibly heading is this article.For what it is worth Thorburn on the economics forum is good to read.Lot's of others too of course.
So what I am saying is don't get caught in this rut,they say do your research---well do it more so now than ever.
Alexei Belkov, Sat, 2013-04-06 13:16
Economies in western world going down.
Country by country they racing to destroy their currencies. Last 2 days gold price in Japan up more then 6% !!! Japanese old population must keep money in gold, no other way to save it. Their gvmnt betraying them.
James Turk said: "What they (the Japanese) are planning to do is buy more government debt, which is going to be financing more government deficits. Turning government debt into a currency is ultimately what leads to hyperinflation. So they are not only going to get out of their deflation, but they are also going to go into hyperinflation. This could be the spark that sends the hyperinflationary spiral into other countries as well because people are focusing attention on what the central bank is doing in Japan, and when they start to do that they will see that the central banks in their own countries are doing the same thing"
G. Soros said: "What Japan is doing is actually quite dangerous because they are doing it after 25 years of just simply accumulating deficits and not getting the economy going So if what they are doing gets something started, they may not be able to stop it. If the yen starts to fall, which it has done, and people in Japan realize that it is liable to continue, and want to put their money abroad, then the fall may become like an avalanche"
Art Cashin, who is Director of Floor Operations at UBS, said: "I’m still concerned about geopolitics. Here in this business I have learned that the story which seems to be buried on page 13 can sometimes almost instantly rocket its way on to page 1, and rocket its way to everyone’s attention.
So whether it is exercises in Korea or economic changes in Europe, the idea that rational men will prevent irrational crises doesn’t live up to world history."
