Days after Standard & Poors downgraded the US government bonds from its AAA+ ranking, trillions of dollars exited the crashing global markets, price of oil has plunged, and the value of the US dollar has dropped. Is there light at the end of this tunnel?
Right now, that light seems to be golden. The price of gold is shooting up, over taking platinum and people are still buying. Banks have started to charge more to store gold. Everyone wants a piece of gold – coins, biscuits, bars, jewelry, teeth – looks more and more like a bubble created on fear and lack of any stable alternative avenues to park ones savings. Or is there?
Real-estate investment can go sick but it never dies. If you are looking for a home or a stable long term investment, real-estate is still a very good option. Prices are at an all time low and there is always a demand for good property. It’s a real physical asset you can live in or rent and will in the long run appreciate in value. It’s truly a golden opportunity.
Cheers
Kabir Mulchandani
Dubai, UAE