Monday, October 15, 2012

Chart of the Week





Billionaires investing in a luxury London home would have had higher returns from gold in the fixtures and fittings than the property itself in the past decade, according to Knight Frank.


A typical so-called super-prime property in London's Kensington district would have cost 24,000 ounces of gold 10 years ago, compared with about 9,800 ounces now, Knight Frank says in a report. "To visualise this, 9,800 ounces would be a cube about the size of a small footstool, admittedly a heavy one," the London-based real estate broker says.









via Business feed http://www.scmp.com/business/money/markets-investing/article/1059617/chart-week

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