By Dicko on Tue, Mar 5, 2013 - 4:49pm

Store of Wealth?

Hello Everyone

I have read quite a bit about Gold as a store of wealth but I just don’t understand one thing:

Say I use $170,000 to buy 100 ounces of gold in 2013. It’s now 2020 and the price of gold is $1200/ounce. I now want to buy a house worth with a price tag of $160,000 and need to sell my gold to finance the purchase. But I now only get $120,000 for my gold and I have to find the other $40,000 from savings or wherever. How in this instance is gold a store of wealth?

Adam Taggart
By Adam Taggart on Tue, Mar 5, 2013 - 8:24am

Lessons from the Millionaire Next Door

In 1996, two researchers published The Millio