# 376.  Gold Doesn't Pay You. This Does.

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Text version: https://stenobird.com/podcast/the-commercial-real-estate-investor-podcast-1247143/376-gold-doesn-t-pay-you-this-does.md
Podcast: [The Commercial Real Estate Investor Podcast](https://stenobird.com/podcast/the-commercial-real-estate-investor-podcast-1247143)
Published: 2026-05-04T10:00:00+00:00
Episode link: https://www.tylercauble.com/podcast/episode376
Audio file: https://static1.squarespace.com/static/5c115fec9d5abbba78a23c93/t/69f3919920aab905dafc322e/1778010165960/Gold+Doesn_t+Pay+You.+This+Does.mp3
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Duration seconds: 699

## Resource

Gold vs CRE : Gold is a good store of value but doesn’t pay income, has no tax benefits, and you can’t control its performance. Commercial real estate (CRE) does all three. Matt’s example : He bought a 70% vacant flex warehouse with 100% private financing , no payments for 2 years , and now collects rent while leasing up the rest, directly increasing both income and property value. Why CRE beats gold (per Tyler) : Monthly cash flow Leverage where the property’s income pays the debt Tax benefits (depreciation, cost segregation, 1031 exchanges) Forced appreciation via leases, renovations, and operations Returns : Tyler targets ~18–22% annualized cash-on-cash on his deals, arguing that once you factor in taxes and leverage, CRE outperforms gold despite gold’s attractive long-term charts. Objections addressed : CRE can be passive (triple-net leases), accessible with creative financing, and is less risky than it looks because you can underwrite and stress-test deals in advance. Core message : Holding some gold is fine, but if you’re choosing where to grow wealth, Tyler argues commercial real estate “wins every time” and invites people into his accelerator mastermind.

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