Gold, Frankincense and Myrrh

News at Trigghomes | 06/12/2023


Gold, Frankincense and Myrrh



The Three Wise Men followed a star in search of the newborn king, giving gifts of gold, frankincense and myrrh. However, gifting a home may have been a better financial move.

The average price of a home is currently £291,385, a 65% increase in value compared to a decade ago (£176,097). The value of gold has risen 42% in the same period.

A price moderation is forecast over 2024, however cumulative growth of 5.8% is forecast between 2025 and 2027. Source: #Dataloft, ONS, uk.investing, LBMA. Indicative price performance only. Data to end Sep 2023, HM Treasury Average of Independent Forecasts Nov 2023