A guy called trying to sell me gold. He said that I was a fool if I didn’t use every dime I had to buy his bullion. Knowing that real estate and mobile homes almost always out performed gold, I chuckled.
In total disbelief, you’re probably asking, “As an investment, you’re saying that it’s better to own a mobile home (i.e. trailer) rather than gold?” Yes, if by “better investment” you mean one with a much higher yield!
In 1900, gold sold for about $20 an ounce. This would buy you a tailored suit, a nice pair of shoes and a wonderful dinner out. Today, gold sells for about $1,200 and ounce. This will buy you a tailored suit, a nice pair of shoes and a wonderful dinner out. In other words, gold, over the past 115 years, has held its buying power.
Sure, all the TV and radio commercials claim that gold is an incredible investment, but the truth is gold preserves wealth – it tracks inflation, and inflation is nothing more than an invisible tax! If you seek growth, then you must invest your capital in something like…