The subprime mess is widespread, and it seems to be getting worse. It’s certainly worse if you’re about to lose your home.
The stock market is schizoid — up one day and down the next. If you’re a day trader, this volatility is pure heaven; if you’re getting ready to retire, it’s likely to give you a heart attack.
Big Deal
As for commercial real estate, it’s a great market. I just bought a 350-unit apartment house in Tulsa with an assumable loan at a 4.9 percent interest rate. Rents are low, the oil business is creating jobs, and demand for apartments is high.
As with any market, the real estate business is terrible for some people and couldn’t be better for others (like me).
But as much as I love real estate, I believe the biggest opportunity today is in silver. I think this precious metal is about to become the most spectacular investment in recent history — bigger than oil, even bigger than Google.
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