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eric pebble

London Property - The Barbarous Gold Of Our Times

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London property - the barbarous gold of our times

Buying property has become modern-day version of burying gold coins in the garden, with boom in value driven by uncertainty

Central London property has actually now become too expensive even for bankers, the one-time masters of the universe, and has the pungent whiff of a renewed bubble.

Central London property has become the safe haven of choice for countless Russians, Chinese, Italians, Greeks, Arabs and so on.

This is the modern form of hoarding. There appears little difference between burying gold coins in the back garden in the declining days of the Roman empire and buying a house or apartment today in central London.


Edited by eric pebble

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