Is It Time To Invest In Real Estate?
I have many clients that are anxious to snap up foreclosed properties at these depressed prices. But I am always quick to warn them, not that it does any good, that these prices are nothing compared to where they are going to end up, as this current economic down-cycle has barely gotten underway.

Experts suggest that 5 million houses and condos that are now behind in their mortgage payments will be hitting the market over the next 5 years. (Source) This supply glut will drive prices down much further than they are today.

My advice? Learn the lessons of the 1930's. Keep your powder dry, wait for prices to hit rock bottom, and then snap up properties at 10 cents on the dollar. Those who did this during the last major economic down-cycle emerged millionaires.

History always repeats itself because human nature doesn't change. The same mistakes that lead to the Great Depression have been repeated in our lifetime, and the outcome will also be the same. So those who are prepared can exit this cycle far wealthier than they entered it.

So, how do you keep your powder dry in the meantime? Seems that you might want to invest in something that is A-ppreciating rather than DE-preciating. Looks to me like gold is the only candidate for that job.