Gold on Wedding

[khattichic]

@Laadli

@khattichic

Depends on your location…my real estate investments have only appreciated…IMO it’s a much better investment that is slow and steady and is already generating income whereas my gold is not.

edit

I just wanted to add there is a huge difference between pure gold bars/coins/biscuits and jewelry, from an investment point of view. Anyone who has ever traded in, exchanged or sold knows how much you lose once they minus out labor, finishings, gem stones, slight mixing to make 22K etc. So purely from the investment point of you, unless you’re buying only the pure stuff in bars or coins and won’t be making jewlery, I still believe a proper, well thought out real estate portfolio is a more sound investment

like I said, each to their own. I specifically mentioned tablets to circumvent what you quite rightly pointed out as the problems of attaining value with jewellery based gold.

but on a serious note, I would still argue that gold is a much much safer option than property. As the grand daughter of people who fled across the Indian border with nothing but the clothes on their back, and gold as the only portable assets in their pockets back in 1947. As someone who has witnessed hard working people who sunk large savings into what were promised to be extremely lucrative property developments in UAE, only to have their investments turn into ashes post recession. As someone who doesn’t live close to an area proven to have historically immune property sites. I would personally stick to gold. I never wear the stuff, but my mum (whose entire family inheritance was lost through corruption when her father died, and only gold remained when all their land was gone) would never have been able to leave Pakistan or send myself and my sisters to the very best schools in the country without a few gold tablets her mother gave her, which accrued value far more swiftly than anything else she owned.

Property can be a wonderful investment but you just have to be very careful and pray that nothing economically or politically disastrous happens in your lifetime to ruin it!

I suppose that’s why, as I have stated earlier, economies revert to gold standard and not land.

My family also lost all their property and land during and after Partition, so what is your point? That was a historically tragic event, but really is way out of context to what is being discussed here. You can’t compare the division of a subcontinent to investing in rental properties.

I am a real estate professional, have been for the past 10 years. I make my living helping people buy, sells and invest in real estate. Where I live, the smartest thing you can do is to invest in solid rental properties, and I’m proud to say I’ve done the same

I don’t have to worry about how I’m going to pay for my kids college education or how I would support them if god forbid something happened to my husband…selling off my gold would only sustain me for maybe 6 months or a year at most ..my real estate holdings will for a lifetime.