A Reminder: Why We Buy Gold

Gold is not an end in itself. It is only a “means” to an end.

One should own gold now as a way to:

1. Preserve their wealth as the value of paper assets fall, or default all together
2. Gain wealth in relation to the holder of paper assets

Once the paper asset bubble has burst, THEN will be the time to move out of gold and back into real estate and other wealth producing assets.

BUT RIGHT NOW, real estate and other traditional investments are in a down cycle that will continue to last for years. Although real estate is down, don’t jump in and buy just yet. Million dollar properties that are selling for half that price now, will eventually be able to be purchased for $100,000 or less. When that day arrives, dump gold, buy real estate/businesses/stocks at pennies on the dollar, and retire rich.

More millionaires were made during the Great Depression than any other time in our nation’s history. That opportunity will present itself again soon.

We buy gold now to protect our wealth from the coming storm, and once its usefullness has finished, we should sell it an move on.