gold, property or cash?
January 23, 2009
The real estate industry has seen the same sweeping decline that the stock market has witnessed. Do we value structures more than paper? The coming months will tell. As Obama floods money into the market place, the effects will ripple down and we will all have to make some decisions. Do we still agree with a monetary system tied to the US dollar? Is it time to hoard gold in our safes? Is cash trash when the deflation or inflation happen? In western Canada, we have not felt the full effects but my vote will be for turing my paper cash into gold or property or something I can touch.Interest rates are low, prices are getting good..... Happy shopping!!!
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.