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S W
Member since May 2012
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Buy Gold, Lose 8% on a 6% Profit - Adrian Ash - Bullion Vault

For about $692,000 I can buy a 400oz gold bar in Sydney.

For the same amount I could buy 2 x2 bedroom units (liveable but not great near the coast 50 miles away) in a reasonable area and rent them out for $350/week each and get a tax deduction via a bit of negative gearing for the purpose of having an income.

Better than gold ? Probably

Commented 3185 days ago

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Beginning of the headline :Want to buy gold? If you don't hold it, you might get to make a profit...! YOU typically buy gold because you want to defend your savings, writes Adrian Ash at BullionVault. Yet many people insist on giving away 10% of their money – or more – every time they buy and sell gold coins or small bars. February 2016, for instance, has seen gold's best monthly rise since November 2008 in terms of the British Pound, rising over 14% as Sterling has sunk amid the growing Brexit crisis. That's ... Read More

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