is the gold bull over?, page-5

Andyglo, all we have to do is look at the price of real estate starting with the family home when gold was US$880 in January 1980.

Real estate had been on a tear to then, and has continued on a tear. It's up many, many multiples in price. Folks who have just invested in good real estate over the deacades have become very wealthy with minimal risk.

While in real terms, since January 1980, gold has been absolutely smashed.

Anyone who put their life savings into real estate in January 1980, which had been soaring in price during the inflationary 1970s, has made a fortune.

Anyone who put their life savings into gold in January 1980 has been in real terms wiped out, with gold needing to be close to US$6500 just to have kept pace with real inflation.

It's a "feel good" story when property prices are increasing, not so gold.

Plus, very importantly, Australian banks make plenty of money on their loans for real estate.