主题：【原创】笔记9 -- 万里风中虎

who are not sophisticated in finance.

Gold: is the competitor to fiat currency. If the whole world reverses back to classic gold-standard, you will see collapse of total money supply--big contraction of real economy, depression, death of modern finance industry and then war.

Financial elites will lose their control--therefore, they will fight to the last breath against a regression back into 19th century.

The current publicized gold price is chicago futures price, not spot price. An low-volume market easy for manipulation.

In sum, gold is not good investment for a while. But Fed Reserve definitely will resort to inflation policy to alleviate the burden of medicare, social security (domestically) and overseas debt (externally).

In the long run, spot/futures price will reflect reality.

As to houses--simple, have you never heard of oversupply??? Just check the inventory of US/UK houses...