gold, page-93477

Sounds impressive, the accountant in me questions what base did you start from??? Are you using an example of a multi million dollar property in Sydney that only a person on an income of well north of a million dollars a year could afford to buy and then maintain???

If so the comparison you are using is like the following:

A kid has the option to buy a scooter or a cheap pushbike. But the local bully on the street corner keeps saying to that kid you could do far better by forgetting about the scooter or pushbike and buy a Ferrari instead it looks far better and goes much faster and further.

The kid scratches his head and says to the local street bully, I'd love to have that fast car but who will give me the funds to buy it and where will I ever get the funds after to keep it on the road?? The bully then says, right I see your point young man, maybe go out and buy the steering wheel only, you can be a part owner of the Ferrari. The kid then scratches his head and says, I'm not sure owning just the steering wheel is a much better option then owning the scooter or bike, maybe I should just stick to my means and choose an option that my circumstances allows.

By the way Skol remember every asset class whether its shares, property, commodities, tulip bulbs, stamp collections has its winners and losers. My father worked with a man who got caught up years ago in Centro (property trust) who went chasing that falling knife hard. Why property appeared to be the sure thing, can't loose money on property can you????). Maybe this man was listening to much to a prominent poster on a HC gold forum??? End result lost his house, lost his wife and family.

So yes although a house price going up $100k in one month sounds awesome, I don't believe it can be used as a comparison against the price action of a metal that costs a fraction of the price to participate in.