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09/08/20
15:37
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Originally posted by sydneyguy:
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Spooky some guru bought a house in 1975 for 120 k NZD I think he said and now worth 1.2 million NZD Well done I say however it can’t be beaten? Wtf forget rent- repairs- taxes- insurance agents fees- capital repairs- time to manage- etc etc etc etc let’s look at the mystery guy in oz some other guys dad in 1975 In oz spent 120 k oz and bought some gold along with other stuff - but let’s look at his gold investment spooky - calculation but stick Wif me !!! He spent 120 k in oz on for that money He got 666.66 oz of gold( wierd ) (120 k/180 per oz) anyhooo guru in nz says he made 1.2 m Not bad - for sure the idiot old man in oz has 666.66 oz of gold in his cupboard behind his West bix- today worth 1.896 m Aud (666.66 times 2843 aud per oz) again depends what ya want and when you get in and out
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Actually 1987....... But you forgot to mention the rent since 1987.....a pretty basic error. Maybe that's why goldbugs get it wrong.
Last edited by
Skol :
09/08/20