Niall Ferguson in the "Ascent of Money" "Safe as Houses" pointed...

  1. 6,304 Posts.
    Niall Ferguson in the "Ascent of Money" "Safe as Houses" pointed out how real estate can also fall.... the problem is, it hasn't fallen for a very long time, but that doesn't mean it won't eventually fall..... and possibly fall dramatically.

    Another thing, remember that gold was confiscated during the Great Depression..... then when it came back on the market, was valued much greater than the price given to those it was confiscated from.

    The rule book has been changed with some major Central Banks these days printing as much money as they like. It is hard to know what to do.

    Many that are geared highly, will get a rude shock if the proverbial hits the fan.

    I hope a Royal Commission into banking, superannuation, insurance (?) uncovers the nonsense the mega-rich are up to. In the USA, many in the middle classes have had their assets stripped, now they have to do whatever for insecure incomes. We are headed down the same road I believe.
 
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