Hi Skol,
Should havebought that apartment years ago instead of gold bars.
I've heard the "gold moving from west toeast" hundreds of times here. Russia's a poverty-stricken dump with adeclining population and a war to finance, and China's economy's in thedumps.
Unlike you I prefer to make my judgments based on what I actually see rather than except what others are saying. I am currently staying at the Mandarin Oriental Hotel in Guangzhou, and I can report that I am not seeing much evidence of an economy in the dumps.
I am here for a few days on my way back to the old dart I saw this motor pull up at the hotel as I arrived. Once I get back to the UK, I may look at trading in the Bentley for one of these motors.
I am assuming that mathematics is not one of your strong points although I doubt one needs and in-depth knowledge for handling airport baggage. By the way can I ask you a question you may be able to answer given your background. China Southern Airline business class allows my partner and I two times 32Kg checked in bags each. I was wondering what the Australian or NZ baggage handlers think of that when the stick a heavy tag on my bags if they weigh 21Kg?
Had I bought the apartment as you suggested I would have been selling twice the amount of Gold that I would need to do today. The Gold price is up 39% over the last twelve months whereas NZ property is down some 17% (Ref: Core Logic.)
Sorry old mate but facts are just that, facts!
So, many thanks for your well-intentioned advice; however, with respect I will ignore it and continue to hold on to my physical Gold.
Cheers.
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