i think hk real estate will do fine, as long as astutely chosen and well located, in crowded and gentrifying areas where officialdom and private enterprise are investing moolah
i have my doubts about the typical middle class abode, but i have been surprised by what the gamblers in hk can do too many times in the past
bottom line about hk is that i am shopping to buy, the inflation rate is tagged to china inflation rate rise and usd purchasing power loss, and the interest rate is tied to usd interest rate, heading down
hk real estate provides positive carry even when it yields naught
but, yes, hk real estate is flat against and will fall against gold, for sure, because, typically, the three bedroom 3 bathroom abode is not growing a new bathroom every half year
besides, gold is one of the very few investment assets that can still be bought at 1981 prices
about gold, this just in e-mail in-tray:
if China were to allow physical deliveries of these contracts, wud we not be reading such news on a daily basis in different parts of the world !!!???
=====================================================
Hungarian Trader Bav Runs Out of Gold Bullion, Napi Reports
By Balazs Penz
Jan. 11 (Bloomberg) -- Bav Zrt., a Budapest-based trading house, has run out of gold bullion after investors rushed to buy, Napi Gazdasag reported, citing an unidentified company official.
The company was unable to flexibly react to market developments, according to the newspaper.
--Editor: Malcolm Fried
|
