The World’s biggest asset manager Laurence D. Fink says that buying a condo in Vancouver is a better investment than buying gold bullion.
The World’s biggest asset manager Laurence D. Fink says that buying a condo in Vancouver is a better investment than buying gold bullion. Speaking at a conference in Asia on Tuesday the Blackrock Inc. chairman said that historically gold “was a great instrument for storing of wealth” but that it has lost some of its lustre and there were other ways to store your wealth that are inflation-adjusted. He pointed to apartments in New York, London and Vancouver as being better alternatives; just behind contemporary art.
