I just found out that I actually do not qualify for a home loan because the financial institution requires some documents which I am not able to produce. I can start working on the documents from this year onwards but I would still need to wait for five to seven years before I could apply for a loan.
Meanwhile, a friend asked me if I have thought of investing in gold coins. I have thought that it's rather risky to buy gold coins but my friend told me that its not true because of the stability of its world market price.
Well, since I can't take out a home loan and I don't have enough cash to purchase my own house without a loan, I should seriously consider buying gold coins. At least it's an investment that requires minimal maintenance, unlike shares.
Meanwhile, a friend asked me if I have thought of investing in gold coins. I have thought that it's rather risky to buy gold coins but my friend told me that its not true because of the stability of its world market price.
Well, since I can't take out a home loan and I don't have enough cash to purchase my own house without a loan, I should seriously consider buying gold coins. At least it's an investment that requires minimal maintenance, unlike shares.
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