UK Property

UK Property

Gold looks a better bet than UK property – here’s why

Gold bricks: better than housebricks(Image credit: 2011 Ulrich Baumgarten)Today we return to a subject that has been a favourite of mine over the years: UK house prices but with a twist.We don't consider them in the debased, devalued currency that is the pound. Rather, we measure them in the eternal currency that is gold.What is the use of money?Money has three functions: to be a medium of exchange, a store of value, and a unit of account. MoneyWeek Subscribe to MoneyWeek today and get your first six magazine issues absolutely...
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