Gold $632/oz, Silver $12.95/oz

Over the past four years gold has doubled in price and silver has tripled. Oil is well over $75.00 per barrel. The American dollar has lost 25% of its value against a basket of currencies since 2003 - which means foreign investors have lost 25% of the value of all investments held in American funds. From March onward, the Fed will no longer publish M3. The housing market in the States is starting to slow (more sellers than buyers now) and if interest rates keep rising people with unfixed mortgages will have a hard time paying off their debt...

Is it me, or is the American economy in trouble? What's your take?