Wednesday, 8 December 2010

Are gold and silver going up?

There is a superb article in Money Week today.

Here's the killer quote:

Did you know that if you had sold your average British house in late 2004 and bought silver – just regular bars of silver – you could now sell that silver and buy 5.5 average British houses?
The point about this article isn't merely to wonder whether house prices are going up or down but to break the habit of seeing prices solely in terms of fiat money.

Whenever someone tells me that "gold is going up", I reply: "No, money is going down."

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