Updating our Commodity (and other) Charts

Time to take a look at the value of various assets compared to real money, gold.

Crude oil fell to about its lowest in history.

Natgas also crashed.

Copper bounced off all-time lows.

Wheat grinding around all-time lows.

Corn and beans about the same.

Cattle has actually made new lows. The great rancher liquidation continues.

All-time lows.

source: Bullionvault.com

UK house prices could fall anothe 2/3rds in gold terms.

source: Bullionvault.com

US house prices could fall another 50% in gold terms.

source: JSMineset.com

source: JSMineset.com

source: Casey Research

Wow. It's pretty clear to me that we shouldn't be spending more than 6% of GDP on healthcare. Which is more than the 7.5% or so that is already being spent by the U.S. government. A reasonable health system might have 5% state-run and 1% private discretionary.

Nathan Lewis

Nathan Lewis was formerly the chief international economist of a leading economic forecasting firm. He now works in asset management. Lewis has written for the Financial Times, the Wall Street Journal Asia, the Japan Times, Pravda, and other publications. He has appeared on financial television in the United States, Japan, and the Middle East. About the Book: Gold: The Once and Future Money (Wiley, 2007, ISBN: 978-0-470-04766-8, $27.95) is available at bookstores nationwide, from all major online booksellers, and direct from the publisher at www.wileyfinance.com or 800-225-5945. In Canada, call 800-567-4797.