House prices are plummeting, homes that were listed for 740k getting 100k over listing offers are now being sold for 650k
Also, interest rates are spiking. People with variable rate mortgages are going to be very surprised when their mortgage payments jump up.
Gold though, through all this bloodshed, has held up pretty good.
I see a lot of people on Reddit, Facebook, and people I know who sold property to buy gold. They made a good move.
They will most likely be able to buy back their property (or something comparable) and still have plenty of oz’s of gold left over.
What an interesting time to be alive.
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Beauties! Beautiful beauties!!!
My paid in full home is assessed that a million $CAD, and I find it unbelievable. But, it is a home and meant to be a home and off the investment table. However, I would entertain the ideal of picking up another rental property with my gold stack as equity for it should the opportunity presents itself. I like passive income rather than Capital gains.
I so should have done that, it's all right though because I do like my home near the beach.
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not sure it is smart for a long time, because homes can be leveraged.
Lock in low rate ( Home equity line) and buy gold and own both :)
No financial advice for sure.
The only time I would go full gold /liquid assets is if I want to be as flexible as possible.
And this is something that can be unbelievably valuable.
The aim is to keep stacking more gold 🙂
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I could stare at gold coins any day, so beautiful.
Gold is a nice Investments to engage on which is beneficial and a pretty move to take
Thats great idea. Selling for Gold then when it's cheaper can buy it back !
Tru dat.
Gold is the greatest investment and nice one to those thar invested in gold
Right from time God is a really nicely investment