Saturday, May 22, 2010

Gold Bullion Buys a House at a Cheaper Cost

The inflation rate is being disregarded here because I have an example (courtesy of usgoldbureau.com) that will make you forget about this issue as it did for me and go buy gold bullion. This old grandmother paid for her house using 500 ounces of gold or $17,500 dollars back in the 1950s. Gold and the dollar had equal value back then, but by 2008, the value of Gold had risen while the dollar went the opposite way. To buy this grandmother’s house today, you would have to pay $185,000. The point is you can pay that amount with only 205 ounces of Gold. The dollar aside, you’re will be paying less for grandma’s house with Gold! Now, don’t you think it is worth to set aside at least 10% of your investment portfolio into Gold?

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