LONDON, 20 December 2015 – The price of gold may have fallen hard from its peak, but it still isn't cheap for UK investors says today's Sunday Times newspaper, citing research run exclusively for the paper by BullionVault.
"Gold does not look particularly cheap compared with another long-term store of value that governments cannot create out of thin air – property," says columnist Ian Cowie.
Research from BullionVault "shows you would need 280 ounces of gold to buy the typical house in Britain," he explains, "while the average bullion to bricks-and-mortar ratio over the past 50 years is 269 ounces per home."
But "housing has rarely enjoyed today's combination of booming demand and low interest rates," Cowie quotes Adrian Ash, head of research at BullionVault.
"On the other hand, contrary-minded investors should note that gold is as unfashionable now as it has ever been."
Times' subscribers can read the full story here:
Personal Account: Dig deep, but don't fall foul of the taxman
