The Mudcat Café TM
Thread #141188 Message #3248682
Posted By: Q (Frank Staplin)
01-Nov-11 - 03:28 PM
Thread Name: BS: Invest in Canadian gold
Subject: RE: BS: Invest in Canadian gold
Most metals used in industry have done as well as gold (copper, silver, etc.) on a percentage basis.
Here in Calgary, and western Canada for that matter, real estate continues to do well. A small downturn in 2008-2009, but upward trend continues and building and housing construction is strong.
Gnu, I cuss too about low GIC and other bank interest, which will continue to be low for some time. But at least we have a little reserve in our pockets.
My house was a good investment, as noted above. Purchased for $30,000 in 1960, offers now at around $750,000. Luckily, Canadian banks were restrained by the government, and loans were not handed out to those with iffy prospects. Most of the pain suffered in the U.S. was avoided.