GOLD, Understanding Gold as a store of value
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Uploader Comments (visionvictory)
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it is not an investment, it is for preservation of wealth.
2 years ago 9
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Don't feel bad the game is rigged!
2 years ago 3
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All Comments (409)
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sup bro why u so fat?
1 year ago 2
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DAMN! ! ! !
Finally someone who GETS IT !
Thanks for noticing
Congratulations Kw0s you are probably the only one in 3 years of my making comments-- that gets the rental part of investing
I have been doing it for 40 years and have NEVER found a single investment that could measure up to real estate.
You get your building that inflates better than gold while at the same time you get a humungous dividend each month.
If you pay attention to your initial purchase you are set.
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@anyname666 Thanks for clear it up. It is months and not dollars. Yes, $7,000/mo rent for the $2mil rental house is poor investment. You can get more buying apartment, around $14,000/mo minus mortgage/property tax/insurance and repairs. Single Tenant around $12,300/mo NNN (triple net- no property tax/insurance/repairs) minus mortgage.
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Hey thanks for probably being the only person to read this
but you missed something
67 years = 804 months
the house rented for 804 months not $804
Wow $7000 rent for a 2 million dollar house is way cheap. !
if you borrowed the money at only 6% you would have to pay $10,000 each month just in interest and another $2,000 each month in property tax
The idea of the 804 months rent was that you got to collect the rent all those years while gold just sat in your safe -
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@anyname666 Your $2mil house rent for $804/mo? In my neighborhood it would rent for $6500~7500. I am in Bay area, California.
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At 01.08 ar you talking about medals awarded to soldiers ?
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@dos286 It's an investment whether you like it or not. Go back to 2000-2007 and ask the same question to the proud home owners. It also was preservation of wealth. Do you not remember everyone chanting how a home is not the same as a stock. Well, you know what, they may have been right. It's much easier to sell stocks than it is to sell homes.
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OOOOPS
today is 2-7-2009
that house my parents bought is still worth two million bucks but gold has lost $120 since 3 weeks ago making the house now cost 1,878 ounces of gold
An extra 183 oz's of Gold
who knows what will happen in the next 3 weeks
I will report back in at that time win or loose
Hope not too many of you people bought Gold back in December when it was $1,212 Today it is like $1,065
OUCHEEEEEEEEEEEEEEEEeeeeee
BTW I got dec,jan,feb rent since then
current views 14,763
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My parents bought a house in 1943 and paid $16,000 plus closing of about $1500
Just taking the house at $16,000 Gold was about $20 then
That is 16000/20 = 800 oz of gold
Today in this puke real estate market the same house is worth over $2,000,000
Gold is $1,180 today. So that would be 2,000,000/1180= 1695 oz of GOLD
Further if they had not lived in it but rented it out they would have stocked away 67 years of rent (804 months of rent)
Enough said about Gold and RE.
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Pandora In answer to your question
How much did gold gain in 2009
Up $213 pretty good relative to the stock market and RE market
2009 was definitely a winning year for gold no question about it & that is one of the reasons there is all the talk about it.
Up almost 25% in one year. At that rate it will double its value in less than 3 years.
The problem is that it will not sustain that growth
It will for a while but not forever. It is currently riding the wave of a self fulfilled prophesy
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1920 House = 50 oz of GOLD
2009 House = 200 oz of GOLD
anyname666 2 years ago 2
FHA, Fannie, Freddie, subprime, and option arms. Oh, and don't forget low interest rates LOL
Good luck with housing.
visionvictory 2 years ago