Gold At 20 Year High

Tuesday, January 5, 2010:

Wonder why there are so many ads on TV encouraging you to buy “GOLD”?

If you had bought gold in 2002 – just 8 years ago – at about $290/ounce, wouldn’t you want to sell your gold today at $1,200+/ounce for a whopping 414% profit.  Well – duh.

I remember reading Scrooge McDuck comic books when I was a kid.  He was Donald Duck’s rich uncle who had a huge building filled like a swimming pool with coins and dollar bills.  Every issue pictured old Scrooge – literally swimming in his money.

Well, that’s all gold is good for.  You can hold it, clink it between your fingers, admire it, – and then put it away in a drawer like an old pair of unused socks.  If you bought it at $1,200 – you’ll also be wishing your life away that someone would buy it from you at an even higher price.

 

The chart above tells the storey pretty well, don’t you think.  Buy high – sell low is not the right way to play the investment game.

If you are an investor who’s tired of trying all the wrong ways to increase your wealth, but have never invested in land, perhaps the chart above will be the hint that causes you to call or Email.  With land, you can eliminate all the risk, while “appreciating” the growth land can provide.  “Resolve” today to make a change you “can believe in!”

 

- Paul Christian Breden