David Collum says stocks are 100% overvalued and will fall significantly. There are many metastable situations in the economy that can't survive for much longer. For instance, the stock market has the appearance of stability, but is just waiting to crash. The hedge for a little inflation is usually stocks. The hedge for a lot of inflation is usually gold. If there is a loss of dominance for the Dollar, then gold will become relevant again. U.S. government debt is growing to fast. "We are heading for an insolvable problem where the growth of what we owe is simply outstripping our ability to keep up."