Art Replacing Gold

Gold is losing ground on being the popular wealth store asset. The assets that have replaced gold as front runners for wealth stores are contemporary art and apartments. Popular locations for apartment investments are Manhattan, Vancouver, and London.

See Bloomberg News, N.Y. Apartments, Art Top Gold As Stores Of Wealth, BlackRock Chief Says, Private Wealth, Apr. 21, 2015.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.