GOLD 0.51% $1,391.7 gold futures

Some friends question me on why they should buy gold over real...

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    Some friends question me on why they should buy gold over real estate, because our NZ prices keep on rising....

    https://hotcopper.com.au/data/attachments/6080/6080088-10b946599fef16608900a1f7be913ecd.jpg

    I explain about how to look at the "property to gold ratio" as opposed to the property price in $$$. I then show them a real live example of how we put an offer on a property just over a month ago for $1.2m and missed out because someone went up another $12,500 - so we pulled out. Here is exactly what has happened since then...

    https://hotcopper.com.au/data/attachments/6080/6080089-30c2693acfdd96658911c5276031df14.jpg

    and, in another way...

    https://hotcopper.com.au/data/attachments/6080/6080090-b0fce211d99c6d5ff763075383bdb5af.jpg

    My friends were speechless. I continue to track this ratio because I expect to get a whole lot more property with less gold later in the year.

    People need to get educated about the importance of gold. Real estate will keep losing....
 
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