Real estate vs real assets

Uncertainty, volatility and risk aversion continue to dominate investor sentiment in most markets.

Money supply may still be easy, but few have applauded the decision by the US Fed to embark on another round of quantitative easing. Analysts maintain spare capacity and other artificial measurements will keep a lid on inflation, but there has never been this level of monetary stimulus without inflationary kickback. Only those still willing to be fooled by cries of “this time it’s different” will maintain otherwise. So it is no surprise real assets are still such a draw. There are those who, having never believed the gold price would soar to its current level, are quick to call the to...