Investment Forecast

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Highlights:

Decline of the Dollar win real Real Estate Bubble win real Financial Survival Tips win real

Date:	11-10-04
Host:	George Noory
Guests:	Don McAlvany

Don McAlvany(1), editor of the McAlvany Intelligence Advisor, returned to the show to share his financial forecast. He stressed that its time to get out of the stock market, which he said he was propped up because of the election. Stocks are still "massively overpriced," he commented, and they will begin a steady decline by the first or second quarter of 2005, eventually losing perhaps 70% of their current value.
The real estate market is also headed towards a downtick, McAlvany warned, saying that in most areas there will be a 10-40% drop in prices. Millions of people that are heavily leveraged are going to be badly hurt in this new economic cycle, he predicted.
Among his survival tips: Eliminate credit card debt, build savings, reduce real estate to 25% of assets and check the financial strength of your banking institution. His suggested breakdown of investments is as follows:

• 35%-- gold and silver coins
• 15%--high quality gold stocks (defense stocks also a possibility)
• 25%-- short term US treasury bills
• 25%-- foreign government bonds

1. http://www.mcalvany.com/

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Bumper Music

Bumper music from Wednesday November 10, 2004

1.	Abracadabra Steve Miller Band	2.	Dirty Laundry Don Henley	3.	Europa Santana
4.	Evil Woman Electric Light Orchestra	5.	Fanfare for the Common Man Emerson, Lake & Palmer	6.	From the Beginning Emerson, Lake & Palmer
7.	Ghost Song Doors	8.	Inca Dance Cusco	9.	Midnight Express (The Chase) Giorgio Moroder
10.	Midnight Express (The Chase) Giorgio Moroder	11.	Next Year Foo Fighters	12.	One of These Nights Eagles
13.	Start Me Up Rolling Stones	14.	Takin' it to the Streets Doobie Bros.	15.	The Wreck of the Edmund Fitzgerald Gordon Lightfoot
16.	The Wreck of the Edmund Fitzgerald Gordon Lightfoot	17.	Tiny Dancer Elton John	18.	Money for Nothing Dire Straits