<prompt> Human: In Australia property prices are high and people are expecting a burst and have been for years but with the influx of cashed up Chinese the market is still booming. My question is I want to put 60k Aud in an investment for my kids when they turn 21 currently 6 and 2.Should i go gold or property or other? PS this will be a one time investment with probably 5k a year contributed in the mean time.  <response>: Gold is an awful investment. Its about as bad as any other commodity. Highly unstable and historically poor returns. You are better off looking for some kind of index fund. 