RioCan Real Estate Investment Trust T.REI.UN

Buffett buying gold. So what does that mean for RealEstate?

[BlueGuitar1]

If Buffett buying gold and selling his banks, he must see something wrong is going to happen.  So does anyone have an opinion of holding realestate such as RioCan or the other REITS?  Thanks so much.

[thenewsnake]

Where's the article? Didn't he also sell airlines at the bottom?

[BlueGuitar1]

I don't need the article.  He told me personally.  But you can look it up.  Just Google it.  

[BlueGuitar1]

https://markets.businessinsider.com/commodities/news/barrick-gold-stock-price-warren-buffett-berkshire-hathaway-buy-stake-2020-8-1029508939# Berkshire bought ABX.  Barrick Gold. Sold Goldman Sachs and other banks. 

[milliontrader]

basically he is saying close to 0 interest rate for years to come so sell banks ( make less in low interest rate) and buy gold ( inflation) real estate value goes up with inflation and 0 interest rate

[BlueGuitar1]

Right.  That's what I am thinking too.  Realestate being a real asset should go up in value.  I am thinking that we better be holding tangible assets like land, buildings, and gold/silver.  Buffett has a small gold holding of $563 Million and he has sold all Goldman Sachs, as well as reducing his position on Wells Fargo and JPMorgan Chase.  

[milliontrader]

Real estate is the second or last asset that go up due to inflation

[BlueGuitar1]

@milliontrader- that is not true at all.  Buffett is buying gold bc he is betting on inflation.  Realestate rises with inflation.  Realestate is seen as a good asset when there is inflation bc it rises with the inflation rate and bc it is a levered asset.  Say you make a downpayment of 25%.  The property price rises by the rate of inflation times the cost of the property

[milliontrader]

What are you even talking about ? Do you realize you are trying disagree with me while repeating what I'm saying. I said, real estate goes up with inflation and it's a inflation hedge and you are saying that's not true cause real estate goes up with inflation then you have a verbal diarrhea lool. Real estate goes up with inflation but GOLD and GOODS goes up first and it takes months

[BlueGuitar1]

Are you upset?  Sorry I triggered you.  LOL. 

[milliontrader]

Yeah, dumb people triggers me. Congrats for being dumb. Here is a medal for winning the first place in this forum.

[BlueGuitar1]

Well, your write poorly leaving some ambiguity.  Friends of REI.UN:  "Milliontrader" is a snowflake easily triggered.  Once again, so sorry for hurting your feelings.  GLT you.