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The purchasing power of gold vs. inflation
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<p>[QUOTE="Gam3rBlake, post: 8225756, member: 115909"]Gold is fungible and liquid though. Unlike a house.</p><p><br /></p><p>It can be sold immediately with minimal loss in value.</p><p><br /></p><p>It’s true a house can also be sold. Usually not immediately though and if an attempt to sell immediately is made the price received would be much lower.</p><p><br /></p><p>I mean try selling you house for $576K in 24 hours. You’d have trouble.</p><p><br /></p><p>In other words even if someone has a house truly worth $1 million it will take some time to get that $1 million if needed.</p><p><br /></p><p>But if someone had $1 million in gold they could sell it immediately on the spot.</p><p><br /></p><p><br /></p><p>Both gold & real estate have pros and cons but I just wanted to point out some differences.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 8225756, member: 115909"]Gold is fungible and liquid though. Unlike a house. It can be sold immediately with minimal loss in value. It’s true a house can also be sold. Usually not immediately though and if an attempt to sell immediately is made the price received would be much lower. I mean try selling you house for $576K in 24 hours. You’d have trouble. In other words even if someone has a house truly worth $1 million it will take some time to get that $1 million if needed. But if someone had $1 million in gold they could sell it immediately on the spot. Both gold & real estate have pros and cons but I just wanted to point out some differences.[/QUOTE]
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