I agree because gold is the only currency which is not affected by inflation. Meaning, if your nations economy go bankrupt then you have an option to exchange it to other currencies.
The only problem here is the accessibility of information and institution facilitating this as most commercial banks don't offer this option. Second is the security of investment as even the largest financial institution in United States could go bankrupt.
However, to compare it to real estate is different. Gold is surely more stable, but it does not give you a foreseeable more profit than real estate does.
Landbanking could multiply a hundred folds in profit in 10yrs time while Gold cannot. The only downside, in real estate is force majeure.
-
|