I can't seem to get my head around this buy gold to protect your wealth argument for the US.Are people sure it wasn't buy gold while asset prices are falling(property)and when they hit bottom sell gold and buy property.
Just to illustrate what I'm getting at suppose you sold some property to someone like centro for twice what it was worth just 5 years before and head down to your local bullion dealer and swap your wheel barrow of money for gold.Then after gold has doubled you head back down with two barrows to pickup your cash.Shortly after this you get a call from centro saying they will sell all the property back to you for 1/2 the price they gave you.
So basically you can buy 4 times the property, what do people think would be fair multiple?
Anyway I would like to hear other peoples comments because this is making little sense to me.
