Peter Schiff calls gold a leading indicator of price inflation. It just hit $1,100 and I don’t expect it will end there.
This is just a reminder to get out of cash and buy some real things. Storable food, silver, gold, seeds, farming tools, etc.
Real estate is a maybe. If you live where it is actually cheaper to buy then to rent then it might be a good idea to buy but don’t expect the price of your property to up much. Price is a function of supply and demand and when price inflation happens it doesn’t happen equally throughout all sectors of the economy.
When calculating the cost of home ownership, be sure to add 40 – 45% to your mortgage to account for taxes, insurance and repairs. But keep in mind that the cost of upkeep will likely go up as well.
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