gold, page-475

No one's interested in the life of a $50 bill, torn or damaged bills are removed, destroyed and replaced.

You are correct that it's not all capital gain because of rates , insurance, repairs etc., but a Sydney house has been a much better bet than gold which has its own expenses.

You have to include rent in the gains, because if you weren't living in it you'd be paying rent somewhere else.

Gold has no dividend, it needs to be insured, and you have to pay for secure storage with a burglar alarm and a safe or a safe deposit box.

Everyone needs a house, people don't need gold, so a house is more liquid and easily disposed of, whenever you trade gold you're going to be paying someone a premium.

Goldbugs get emotional about gold for some reason, one poster even described himself as 'passionate', I think I could more passionate about soil science.

'Ever depreciating fiat' is not necessarily correct, it might be in Zimbabwe which is to be expected when a country is run by a despot, but it was reported in the paper yesterday that property prices in Denmark are going through the roof because of low interest rates and the banks are paying the customers, not the other way around.

The 'worthless USD' as goldbugs call it is better than gold, US cash has outperformed precious metals, so you're wrong.

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