It seems there are now international cities which are priced in relation to
a global market.
They are thus priced out of
context, in relation to the country in which they are situated.
Just as London, NY etc., is 'expensive', so is Sydney and now Auckland, and other metro areas.
One may transport gold internationally
with no repairs & maintenance, rates etc., but property liquidation/liquidity?
Analysis of gold's duality, page-5
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