gold, page-14080

Yes. Ultra rich. Premium blue chip suburbs. For apartments or mid tier to lower tier suburbs its a time bomb.
==========

That is crap. Some of the worst suburbs in Auckland have been the best performers, the poor people are getting rich.

When I was kid I used to work gibbing in one of the worst suburbs ever, Herne Bay, it was a schiff job, now the average price in that suburb is $2,000,000.

There's nothing special about gold, it's not a currency it's an asset, and a very poor performing one at that.
===========

The Numbers Don't Lie

In his seminal book "Stocks for the Long Run," renowned economics professor Jeremy Siegel looked at the long-term performance of various asset classes in terms of purchasing power -- their monetary wealth adjusted for the effect of inflation.
With a $1 investment each in stocks, bonds, T-bills and gold, beginning in 1802 and ending in 2006, Siegel calculated what those assets would then be worth.
Stocks were the big winners, growing the initial dollar investment into $755,163. Bonds and T-bills trailed dramatically, returning only $1,083 and $301 respectively. But the big surprise was in how badly gold fared during that time, only growing to $1.95