Actually gold CAN be a good investment if played right. Buying and holding gold is a dumb move. If you buy low and sell high then you can make money. An old timer told me 20 years ago, When inflation is low and in a state of normalcy gold should be the same value as a mans new suit....$400, and that is when to buy, as soon as it skyrockets due to oil crisis, massive printing of money, or other threat to stable money then sell when you see it go to $800 or higher per ounce. I made money off of a Gold mutual fund after slick willy got in office. Buying gold bullion is not smart IMO cause you will have to sell it (how do you do that) and the risk of theft. If you look at gold in the very long term.....Decades actually gold has done poorly.
That old timer if he is still alive is in his mid 90s. He taught me a few things. The best way to make money on an investment is for it to pay dividends........Buying gold bars wont do this. But.......many stocks do.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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