GOLD 0.51% $1,391.7 gold futures

Gold sub $1210us is the upward trend over????, page-7

  1. 33,065 Posts.
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    I will give you an example.

    In 1986 I bought an industrial property, $215,000.
    Currently worth $800,000 (tax free where I live)
    In that time I've taken (excluding expenses) $1.1m in rent, less 33% tax = $737,000.

    Profit on factory + rent =$1.32m

    If I had bought gold in 1986 at $400/oz I would have tripled my money if i sold it now, (excluding insurance and storage) so I'm $675,000 better off than if I had bought gold.


    It requires patience.
    Last edited by Skol: 16/02/16
 
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