Hi Warnie, You're right about the leverage. In fact, its probably impossible to get a loan to buy gold. As for CGT on gold. Well, ahem, no CGT on gold either.
Disagree about your statement that property increases your purchasing power over time. Sure, it has over the past 10-15 years. Easy credit & low inflation has guaranteed it. One of those conditions is changing right now (easy credit), the other condition (inflation) is falling through the floor. But, watch it reverse when the flood of money being forced down our throats starts affecting prices.
