Speaking of speculative investments, that is, buy something at a price hoping to sell at a higher price, the gold there was none exceed it. This according to the magazine opening in its special edition of Real Estate this year.
The magazine published a chart showing the evolution of prices of different products from December 2001 until August 2010.
The gold is first away, having increased in value about 20 times and marking a steady growth in these 10 years.
What is the Dow, up 12 times its value, although it should be noted that between late 2008 and mid-2009 had a fall to just under half its value in early 2008. The recovery that followed this fall was a rapid growth, only comparable to that of gold in the same period.
Below are the prices of square meters of apartments in disitintos federal districts of the capital: Palermo Hollywood increased 10 times, 8 times Almagro, Miami 7 times, barely surpassing the increase in construction costs that rose to 6 times their 2001 values.
And finally, in the firing line, almost no difference between them, average wages, the value of the dollar and the consumer price index (CPI) published by the INDEC, which increased from 4 to 5 times.
While this note does not take into account the non-speculative investment (such as cash flow that can generate the Rent of apartments or stock dividends), clearly shows that gold was the ideal refuge for Manter the value of savings .