A friend was telling me that he plans to sell him family home and use the money from the sale and top it with a hundred thousand cash to buy an even larger house. You know, I don't think that is a good move. Granted, property is a very safe form of investment but I don't understand why he needs an even larger house when this is spacious enough for him and his mother.
If he asked, I would have advised him to buy gold bullion with the excess cash that he has in the bank now. That would be a more intelligent way of protecting his wealth. As we know, gold doesn't require more investment to maintain and gold never goes out of fashion!
Of course, I told him not to just listen to me but to do his own research. There are plenty of articles published online that explain why gold investment is the better choice.
If he asked, I would have advised him to buy gold bullion with the excess cash that he has in the bank now. That would be a more intelligent way of protecting his wealth. As we know, gold doesn't require more investment to maintain and gold never goes out of fashion!
Of course, I told him not to just listen to me but to do his own research. There are plenty of articles published online that explain why gold investment is the better choice.
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