"I think people in countries like Venezuela or Argentina for...

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totoschillaci

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12/04/21

11:37

Post #: 52399515
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Originally posted by SoConfused: ↑

Like I said Skol, it is if you want to deal with all the issues mentioned by me before. I've had investment properties too and gave up on it when tenants defaulted on the rents, stole that furniture, their animals pissed on my carpets. Each to their own I guess. I am at the stage of my life that I don't want to deal with any of it.

Even owning a block of land has given me headaches with council approvals of illegal building and activities, people camping on my land and other annoying things.Gold for me is insurance.

I think people in countries like Venezuela or Argentina for example did better out of holding gold than property in the past few years wouldn't you agree?

Gold is small part of my portfolio. on the other hand some of my gold stocks (I am including CHN in that as originally invested in them for gold) have returned much more in the past 12 months than average property in the past 10 years.

You have 3 properties, not exactly a large portfolio. Still well done to you as it much better than most.

As for silver I think it will have its time in the sun. I think its a very scarce strategic metal. In fact I think sometime into the future, perhaps not in my lifetime owning silver will be outlawed as it will be needed for other things.

This is only in my opinion, not offered or to be taken as financial advice. Not recommendation. Do your own research.

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"I think people in countries like Venezuela or Argentina for example did better out of holding gold than property in the past few years wouldn't you agree?"

Yeah I read somewhere owning an ounce of silver or gold (can't remember which) is equal to 20 months wages in Venezuela. Before hyperinflation hit there, their stock market was mooning and the narrative was that everything was fantastic.
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