We are now better placed to assess the carnage to financial markets that the virus has caused. International stock markets have flown up and down in a casino-like cascade as they react to every bit of new news, so where do we invest?
Goldmans recommend gold. They predicted in March that it would hit $1,800 over the next 12 months.
This may well be true with the price close to $1,700 now. A good asset in a crisis but unlikely to be sustained as the economies of the world get back into gear.
Knight Frank reported that London property was the best performing asset over the past 25 years – well ahead of gold.
The advantage prime London property has over gold is the promise of capital growth together with yield.
The rule of law and transparent legal system and a cheap £ Sterling make buying very attractive in the current window.
As the current crisis rumbles on over the next year or two we want assets with strong fundamentals. These sort of assets will hold their own during the period of uncertainty and will be the first to return to rapid growth as economies improve.
Prime London property is a simple and safe investment that will undoubtedly return substantial gains over the next decade.
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