rockerchic

Gold's Relationship with Real Estate

I disagree that homes and gold are equivalent enough to parallel as tangible assets. They are truly different:
Houses are susceptible to flooding, earthquakes, hurricanes, tornados, fire damage, etc.
Gold? No.
Neighborhood values plummet when regional employment/industries go down in the area.
Gold? Take it with you when you move.
Lumber rots, gets eaten by termites, and deteriorates with time.
Gold? Imperishable.
Aging homes become less desirable, lose structural integrity and depreciate.
Gold? Just as precious as it was 7000 years ago.
Home design and architecture changes. Tastes change (who prefers cathedral ceilings and larger bedrooms compared to designs 40 years ago)
Gold? Just as popular as it was in Cleopatra's era.

When everything is crashing and burning... Gold doesn't burn. It just melts and hardens back into solid, beautiful gold. Every civilization has valued it and will continue to. As a safe haven during rough times, it has remained a popular choice for many reasons.