HKG property prices are up 288% since 2003. Gold is up 270% since 2003 (in USD, and the HKG dollar is linked to the USD). But with gold there is no land rates or water bills and the flexibility to sell (and buy) any percentage amount whenever you like with immediate payment - can't do that with property.
Published on Jul 29, 2014
In this episode of the Keiser Report, Max Keiser and Stacy Herbert the nouns, like ‘poor,’ who want to be known as verbs, like ‘can’t make ends meet,’ and the thieving verbs (i.e., ‘defrauding investors,’ ‘manipulating markets’) who want to be called nouns, like ‘wealth creator.’
In the second half, Max interviews Liam Halligan about his recent Spectator cover story, “The Next Crash: We could be on the brink of another financial crisis.” They look at derivatives, leverage, GDP and more.
Follow our CEO on Twitter