Tuesday, August 7, 2012

Sell your gold, buy a house

Cash out of gold and send kids to college

According to the website pricedingold.com, gold is at a 120-year high (at least) relative to US house prices. On the pricedingold.com numbers, you should cash out of gold, buy a nice house, hire some workers, send your kids to college and eat big breakfasts, writes Peter Tasker, a Tokyo-based analyst with Arcus Research

Posted by stuartking @ 07:19 PM (2917 views)
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6 thoughts on “Sell your gold, buy a house

  • general congreve says:

    Got a house and no kids. Guess I’ll just keep the gold then.

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  • GC: You must be missing out on your breakfasts then.

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  • GS: You must be missing out on your breakfast then

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  • They are right.

    Hoarding an asset that you can’t enjoy use of and won’t sell until you die is pointless. You can’t take it with you.

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  • stillthinking says:

    If the price of gold keeps going up eventually GC will be found aged 92 on bed made lumpy with gold coins.

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  • general congreve says:

    Now then, I never said until death do us part, it’s more a case of ‘until ponzi scheme collapses do us part’.

    You gave me a good laugh though, amusing imagery. 🙂

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