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Gold for house (lemmy.ca)

submitted 9 months ago by n7gifmdn@lemmy.ca to c/memes@lemmy.ml

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wood for sheep?

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[–] Xavienth@lemmygrad.ml 5 points 9 months ago (3 children)

So what you're saying is I should invest in gold because it increases in price at the same rate as housing?

So I never actually make any progress? And then in the end I just have a bunch of gold? Why wouldn't I just buy the house then?

[–] Skalbagge@lemm.ee 2 points 9 months ago (1 children)

Well you can buy gold little by little and in the end you sell it and buy a house.

[–] Xavienth@lemmygrad.ml 5 points 9 months ago

Or as somebody pointed out you can invest in an index fund and get higher returns

[–] Kanda@reddthat.com 1 points 9 months ago

Gold doesn't require maintenance

[–] curiousaur@reddthat.com 1 points 9 months ago

No, you're missing the point. Invest in housing.