Post
Topic
Board Economics
Re: Is it better to save money or invest it?
by
deisik
on 31/05/2015, 11:10:49 UTC
You don't need place to keep land. Though land is a by far more risky asset than gold. Internet and Hollywood are full of harrowing stories and movies about people investing in land and then going bust when their expectations didn't come true...

Not quite risky IMO. Actually any type of "investment" is risky. Best thing to do would be to choose one that has less risk than the other. Basically land will preserve less risk than gold though

I've never heard of anyone going bust with gold. Primarily because you can always sell it quickly, even with a discount or at a loss (and since gold is a money in itself). The same is not true with land, you may not be able to sell it at all. Don't take it too personal, but from what I've read in your posts, I can only conclude that in most cases your knowledge about the matter is superficial at best, that of a layman. I, for one, am neither engaged in such investments (I mean land), nor have deep understanding of it, but I do know that land (or real estate, for that matter) is a hell as an investment option...