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Friday, November 20, 2009

What Bull? Dow Is Down 83% In Terms of Gold.

What bull? "I had no idea how bad it was," ...
A few years ago (summer of 2005), you would have needed 550 ounces of gold to buy an average house. Today, you need more like 150 ounces of gold. That is a 73% decline in the "value" of real estate.