China industrial boom and real estate bust

The new China economy. 

China home sales slump

China real estate is still in bad shape.

Real GDP Slowing

Real GDP slowing is bullish gold. 

A better measure of GDP is private sales to domestic purchasers.

The road to $8000 gold

Negative real rates will push up gold to $5000-$8000. 

Collapsing USD.

Gold juniors will soar 10X.

Stocks will underperform.

Real Estate: More Sellers Than Buyers

Home prices won't rise much.

China Sell Real Estate For Gold

China fleeing real estate for gold. 

China fleeing real estate for gold

The Chinese are fleeing real estate and moving into gold. 

Inflation vs. Assets

Correlation between inflation and assets. 

Oil is the economy

Real GDP is correlated to the amount of oil we produce/consume. If the Biden administration keeps banning oil projects, this will have consequences for real GDP.

Real output is going down the drain

This year will be very inflationary as real output crashes in Q2 2020.

Real output is plunging

Real output has plunged. If nobody works, nobody gets to eat. Nothing is free. Inflation will soar.

Gold and Real Rates

Gold is a bargain today.

Real interest rates

Real interest rates are not at an all time low. Rate cuts are very possible.

Real Estate Prices in Eurozone Declining

Eurostat just released an update on the house prices in the Euro Area. I am actively following this to follow up on the Belgium housing market, which I think is in a bubble.

The latest release on housing prices can be found in this report.

The trend is obviously down since the crisis of 2008. So it is still not a good time to buy a house. Renting is a lot better. As a matter of fact, I just had a walk around my area with the dogs and I've seen so many homes for sale it's not funny anymore. Belgium is the least affordable country in the Eurozone to buy a house.

Looks like Belgium is down 1.1% quarter over quarter and I expect it will get worse.

Peter Schiff London Real Interview

If you haven't had enough, Peter talks about Bitcoin again.