New York Apartments, Art Top Gold as Stores of Wealth, Says Fink

 

According to Bloomberg, the two greatest stores of wealth are contemporary art and property in New York City and London.

In the old days, investors used to collect gold buillon, but those days are over.  At $1,921.17 an ounce in September 2011, trading today in NY at $1,199.13, which is an increase of 1.3 percent this year after losing 1.4 percent in 2014 and 28 percent in 2013.

Property in key markets, as investors know,  represents hefty returns and increase in value.  On to our next property!

 

Read more at Bloomberg.