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16/02/16
16:30
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Originally posted by Windham14
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Skol,
If you had invested your $215000 in a Gold index or at least, a handful of solid gold mining companies back in 1986 then by now you certainly would have made far in excess of a 6 fold gain.
If you include dividend reinvestment, then your gain would have been even greater.
I don't think anyone on here is genuinely advocating that investing 100% of your net wealth in physical gold is a good idea, I don't think it is. However, investing in Gold companies that are producing gold and leveraged to the upside potential in a gold price movement makes way more sense that real estate.
Real estate the world over and especially Australia is ridiculously overvalued, Gold is not overvalued.
Cheers
Ivan
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Most of the gold companies listed in 1986 aren't even in existence. People need real estate, they need food, they need hotels, the need travel, they need meat, they don't need gold.
I'm happy to be proven wrong.