Your response to #16 made me laugh. Up untill I read that I thought you knew what you were talking about. Yes people live in those cities but a huge percentage of the population is second home owners. And another huge portion of the population services those second home owners. Can you say the same about Calgary? I surely do not need to expand on that since I assume you have at least some common sense. I understand that you have to make a living selling fear but at least try not to be condecending to those with opposing opinions.

Give any source that confirms “a huge percentage of the population is second home owners,” in either Miami of Las Vegas. — Garth

Does anyone know how I can SHORT Canadian real estate?

You short US real estate by buying SRS on NYSE which is a fund that does the opposite of the Chase Schiller index.

Good luck paying for Garth’s book on Amazon.com with an ounce of gold.
You gold hounds are funny.
Fiat has been around since the days of Rome. Just understand it and you can relax a little and not think your happiness will come from the destruction of the economy.
I have never seen a clan(gold bugs) of people so bent on having gold become the currency of the day. Have a look around we aren’t living in caves anymore.
Cheers
Many economies have had their currency go bust. Example Germany: I don’t see them running around with gold coins jingling in their Leder Hosen.

Relax a little and enjoy the fear.
The DEBT MACHINE will carry on.

The last bubble is always gold. It doesn’t depend on anyone else’s promise. A gold coin in your safe is a gold coin in your safe, even when your bank fails.

All other asset classes with the exception maybe of realestate, farming and mining in a country with strong property laws, depend on someone’s promises. When they can’t deliver, the asset is worth nothing.

US 30 year bonds anyone? I think not.

30 years ago you could buy gold for $50 an ounce. Ya, ya I know people who bought at the peak of the bubble at 850 are only back to par now, but that was a short lived thing.

Try and buy a gold coin on e-bay right now and you’ll see where we are at. The spot price on COMEX is disconnected. The physical supplies are all already gone.

But I agree there may be another big bubble first. It’s US treasuries and it’s about to pop!