Tuesday, September 6, 2011
Property as a gold hedge
Property as a gold hedge
Gold investors are getting scared, says Bill Bonner. So should they buy property instead?
Posted by martingreen @ 04:59 PM (1577 views)
4 thoughts on “Property as a gold hedge”
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techieman says:
i wonder what on earth the answer could be. Dont think we need to look at the article do we?
drewster says:
Only applies to the USA where property prices have plummeted. Meanwhile in Britain, we’re still waiting.
general congreve says:
@2 – That’s right. An interesting read nonetheless. The argument proffered by the protaganist about gold is ‘what if the feds don’t inflate and we get deflation’, then gold might go down. What is left out is that if this happens the crippling burden of government, corporate and private debt becomes magnified and unpayable and the economy collapses, causing the currency to devalue. As for the pro-American property argument, the conclusion is worth reading:
“The guys who are buying real estate now, they’re going to be a little shocked and disappointed when they see that prices just keep going down.
“I know this is one of your themes too. Prices in Japan didn’t go back to trend. They went down and just kept going down. They ended up 80% below the peak. And they actually bent the trend-line down. Maybe it will go back to the trend. But I don’t think so. The population of Japan is going down. And they don’t get married. And they don’t have children. So they don’t need starter houses… or family houses… or any kind of houses. Just apartments for old people. That’s not a way to get higher real estate prices.
icarus says:
What’s the difference between “Property….if you can find the good deals” and “Stock market…..if you can pick the right shares”?