The sixties and seventies were the decades of the commodity. Oil, gold, food all surged in price while stocks and financial instruments languished.

But then the commodities cycle gave way to the stocks as the best performing asset for the eighties and ninties.

As usual, after about twenty years, stocks and financial instruments began to decline and commodities began to shine.

Commodities cycles generally last for twenty years. We are not even half way through this cycle with the biggest gains yet to come.

Case in point: Median home prices have fallen from a high of $249,000 to $210,000 since November 2007, a little more than a 15% decline when measured in dollars.

But look at those same home values when priced in gold.

Over the same time period, median home prices that are priced in terms of gold have declined almost 30%.

What's the point?

If your currency is gold, then you can buy real estate cheaper than if your currency is dollars.

Store your wealth in gold and during the coming depression, you will be like a kid in the candy store, buying assets for pennies on the dollar.

More millionaires were made during the Great Depression than in any other time in our nation's history!

Don't fear the future..... Prepare for it!

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90% Of Fund Managers Think the Market Will Go Up

Maybe the street has become a bit too bullish afterall.

90% of institutional investors believe that the S&P500 will rise to 1,200 by the end 2011 according to a survey by The Markets. 75% then expect it to hit 1,500 by the end of 2013, and 75% believe that the market already bottomed earlier this year. The survey covered 103 invesors in 20 countries.

We don't necessarily disagree with these views, but naturally find it disturbing to find such a strong consensus on market direction. It sets off our contrarian alarm loud and clear. Source here

Just remember, the crowd is ALWAYS wrong, if the crowd was always right then we'd all be rich.