He's toying with you gloomy guses! Too funny!

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Gold is going to $1,650 within the next 12 months. Buy some today or lose out on easy money. BTW, what would YOU invest in now? This should be interesting to hear.

Oh yes most investors are just like me, making about 5 to 10 grand

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"A condition of slow economic growth and relatively high unemployment – a time of stagnation – accompanied by a rise in prices, or inflation.

Investopedia Says… Stagflation occurs when the economy isn't growing but prices are, which is not a good situation for a country to be in. This happened to a great extent during the 1970s, when world oil prices rose dramatically, fueling sharp inflation in developed countries. For these countries, including the U.S., stagnation increased the inflationary effects."

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I didn't say it was smart, it's just what happens most of the time. Investors for the most part are about as bright as Randallbard, so they invest in "gold" because it's the gold standard right?

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Yeah, I know, we are singularly different.

Canada has nothing to gain from inflation, and lots to lose, in both the public and private sectors.

Frankly, I can't name any nation that has anything to gain by rampant inflation. Can you? It's not as though any populace got together and voted, "Yes. We need more monetary expansion".

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I was basing it on a random stat I remembered from first or second year Economics class, that housing had gone up at a ratio of 3 to 1 versus income since 1970 and a cashier I knew who worked at the same grocery store from the late 60's to the end of the 90's compared with the prices of houses in the area where she lived.

The problem with having this argument everyday is idiots like Krissh haven't seen how fast "specuvestor" sentiment changes. 95% of Sophia buyers were speculators, I'm guessing 75% of downtown (that means we need 7,500 buyers who earn $300k per year to suddenly move here).

Krissh must've moved here from Kazakhstan in 2003, and missed the previous ten years of flat prices because he thinks past performance indicates future return.

I may not have posted on here until recently but I have been reading several blogs for years, I studied business in post secondary and have worked in the industry so i like to think I have something to offer.

If anyone could bring valid points on why it's a good idea to buy right now (at the top) please post them.

Krissh you have nothing valid to say so this is not an invitation for you to post more verbal diarrhea

Vancouver is a great city, and our tourism proves this but there are a lot of real world class cities for the big boys with big money to throw around, it's arrogant to presume Vancouver is the best place on earth simply because we were born here( except for Krissh who's spelling indicates he did not grow up here).

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As for stagflation, don't assume that just because the US seems headed for it, Canada is too. Canada has nothing to gain from inflation, and lots to lose, in both the public and private sectors.

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It depends on a lot of factors. As an example, look at Florida construction: excess inventory and no demand yet builders still have projects they are trying to complete! Huge deflation because suppliers don't scale back and demand low and going lower.

Oil is an imperfect example of the contrary, where supply can be changed relatively quickly and keep prices from deflating (though there are a LOT of other factors that make this an imperfect example).

Agriculturals are something different. It appears like increased demand and supply shocks are driving up prices. That and speculation. Peak food, anyone?

"During economic turmoil investors like to shift their money to “hard” assets. It happens every recession."

It's an interesting exercise to look at historical commodity prices.

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Or 1929?

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I thought this was the beauty of stagflation; where we get the worst of both worlds. Sky-rocketing costs coupled with less ability to pay for it. Apparently, both stagnation (recession) and inflation can be caused by inappropriate macroeconomic policies.

Maybe we could just pretend we are dealing with a sane economy.

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