If GFC2 hits (although I'm not sure that it will), I doubt land/houses will hold up again like they did the first time. I think they will fall by much more than any of us are used to. I know it makes sense that land should go up if there is inflation but that doesn't apply if something is in a bubble and I think our house prices are. Just compare how much house prices have risen since 1981 compared to gold. I think gold will hold up much better than it did in GFC1 and that it will then go much higher than the previous $1900. No money to buy anything? They've been printing money like there's no tomorrow- Admittedly most of that has gone to banks to rebuild capital so not a lot of it ending up in the economy but plenty of it is ending up in markets and the banks can use it to buy gold as part of their capital.
ABU Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
