The next wave of financial collapse is ready to strike - first commercial real estate and then credit card defaults – buy gold sell everything else
Sam Adelton
Oct. 19, 2008

The economy is in deep depression. The financial meltdown is accelerating. The Governments just spent $2 trillion and soon will be ready declare bankruptcy themselves. In the mean time new clouds of financial meltdown in the horizon is creating new set of nervousness the stocks, bond, and commodity exchanges.

Commercial real estate is in trouble. The bubble there is bigger than the residential real estate. Next set if run on the banks will come from the collapse of the commercial real estate. The commercial renters are lying off people and skipping monthly rents. The property owners have started defaulting on loans.

Next in line is the credit card defaults. According to market internals, 60% of the credit card users are behind payments. That will be another mega financial meltdown.

It is time to accumulate gold. Gold will eventually rise beyond $5000 per ounce and will take the commodity inflation with it. Please be patient. Gold will have to absorb the effects of deflation from the depression. The budget deficit and bailout mentality points to gold price far above the $5,000 mark.

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