What in the world is happening to Gold?
Gold prices are up a MASSIVE 28% in 2024 to a fresh record high of $2,660/oz.
This puts Gold on track for its best annual return since 1979, all while the Fed is calling for a "soft landing."
Is Gold telling us something?
(a thread)
🚨WARNING🚨
Crash alert
1929 VS 2024
% gained is equal if not greater.
Leverage today has surpassed 1 quadrillion dollars.
A deleveraging event would reset the entire global financial system .
Scary?
You decide.
A once prime and bustling retail/office building in Chicago downtown recently sold at a huge ~60% 'discount'
The 5 story building located on S. State St. sold for $15 million
What did it sell for in 2015?
$35 million by Tishman Realty and AXA Group
To make matters worse, the sellers spent several millions renovating the building under their ownership
The first two floors are fully occupied with retail tenants including Champs Sports and Capital One Cafe
The property’s other three floors are office, and only one of the floors is occupied
The commercial real estate landscape in Chicago has gone from scary to cataclysmic in many parts of the city and there seems to be little stopping the pain...
For the latest updates on the commercial real estate meltdown just like this, make sure to follow @TripleNetInvest
A 262k sq ft building in Ohio has just sold for $2.4 million, or $9 per sq ft
Yes that's not a typo - it literally sold for $9 per sq ft
It was the former site of FedEx Custom Critical in Green, Ohio
The commercial real estate 'correction' has gone from concerning to an outright apocalypse, primarily impacting office properties in most cities across the US
For the latest updates on the commercial real estate meltdown just like this, make sure to follow @TripleNetInvest
Billionaire “Old School” Investors:
1. Carl Icahn
2. Warren Buffett
3. Charlie Munger
4. Howard Marks
5. Nick Sleep
Billionaire Day Traders:
1.
2.
3.
4.
5.
The second list isn't blank on accident.