House prices are plummeting, homes that were listed for 740k getting 100k over listing offers are now being sold for 650k
Also, interest rates are spiking. People with variable rate mortgages are going to be very surprised when their mortgage payments jump up.
Gold though, through all this bloodshed, has held up pretty good.
I see a lot of people on Reddit, Facebook, and people I know who sold property to buy gold. They made a good move.
They will most likely be able to buy back their property (or something comparable) and still have plenty of oz’s of gold left over.
What an interesting time to be alive.
