morning,
not having a go at you GoGlenroy - but what a funny statement
"Historically that has already happened a few times. It is just cycles. It will happen again. Hopefully real-estate here in Australia is nice and cheap at that point so gold/silver related assets can be transferred to something better."
the last bit
"Hopefully real-estate here in Australia is nice and cheap at that point so gold/silver related assets can be transferred to something better"
I have to assume you mean income producing real estate surely?
There is no way hose that non income producing real estate is any 'better' than gold.
In fact gold wins hands down.
Non Income producing Realestate
No use (unless used as home)
Long turnover time
No income
Capital gains tax
Rates
Land tax possibly
Resumption risk
Maintenance
Insurance (if improvements on land)
Large singular investment
Gold (or other pm)
Small industry use
Short turnover time
No income
Capital gains tax unless coin
No Rates
No other taxes
Small confiscation risk (but could be hidden)
No maintenance
Insurance necessary if desired, but certainly no risk of fire or public liability, unless someone drops a 50 ouncer on their toe - insurance sometimes not necessary at all.
Can be many small parcels.
Portable
Able to be hidden
Cannot be polluted
Constantly valued over thousands of years and one of the only currencies usable in times of war and great distress.
Income producing real estate is a different matter - but boy does it come with a host of problems also.
So I am unsure about the better bit :)
have a great day
Pinto
- Forums
- Commodities
- GOLD
- gold heads into orbit, qe3 incoming
gold heads into orbit, qe3 incoming, page-93
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)