spot gold jumps again, page-11

Andy,

Well I have no immediate knowledge of the loans you're talking about but maybe you should consider this:

If gold's gone up for 10 years and property has been shredded for 5 years, which do you think is the better bet right now?

People need property to live, it's one of the staples of our existence, they don't need gold.

I bought a commercial property in 1986, since that time the property has doubled in value but the real 'gold' has been the rent which is now 4 times what I paid for it.

Gold has quadrupled in value since 1986, no income and storage and insurance costs, over the long term you don't need to be Albert Einstein to work out which is the better deal.

Even if there's a QE there's no guarantee gold will go into orbit, there's ample evidence in the past of gold doing exactly the opposite of what everyone expected.