Worldwide, most asset prices are grossly inflated. An asset class that became inexpensive at the end of last year was precious metals - gold, silver and platinum. While they have rallied nearly 100% since then, I think they are still reasonably attractive. If I compare their prices to stocks and real estate, I think the precious metals is where I still find value. They are exceptions to the rule that asset prices are grossly inflated. But if we were to talk about asset price inflation in general, everything will go down in value - be it bonds, equities and collectibles. But precious metals will fall less than equities.