Many experts agree that if you do not do something to protect the true value and purchasing power of your dollars, the value of your assets will continue to go further and further down. Since the beginning of mankind, gold and silver bullion have proven to hold their value through good times and horrible times. It is a solid and time tested store of value.
As an investor and flipper of foreclosed property do you want to know what I say? I say let them talk. Let all the media spread misery and fear all across the US and beyond.
In other words, they want a ‘cut’ of the bulk REO sale and are hoping to put you together with the people up the ladder. The only trouble is, there are a line of people that are lining up around the list, and it is unlikely a deal can be made this way.
Buying and selling real estate is a risk – make no mistake, and it is a very LARGE risk at that. Part of the problem with the real estate market today is because [mostly novice] “real estate investors” rushed to cash in on rapidly escalating prices of real estate. Econ 101 – supply and demand. They bought recklessly, not intelligently, and now find themselves stuck with properties (whose values are resetting just as quickly) that they can’t unload. You must be aware at all times that any purchase you make, you must be prepared to hold if necessary. This is investing 101. Pay attention to the market.
The hardest part about saving for tomorrow is that there are all sorts of things that you want today: the fire-engine-red BMW; the luxury apartment on the beach; cool clothes, shoes, expensive dinners. Saving for tomorrow doesn’t offer such glitzy images. It’s hard to define its purpose unless you consider your long-term goals and what it will take to finance them. Whatever these may be, it’s a lot easier to say no to spending today when you can picture in your mind’s eye what you want and you know how much you want it. Jot down your goals — and make them as unique as you are. A long-term goal for some is a comfortable retirement, but that may not be what moves you. Research realistic estimates and plan.
The American Gold Eagle is minted in.9167 fine gold, which is equivalent to about 22 karats. The coin is sold in sizes of 1/10 oz, 1/2 oz and 1 oz and usually can be purchased at a premium of 6% over gold spot price.
Markets move in cycles. Learn to recognize these cycles and the investment strategies that prosper in that cycle. Right now we are in a secular bear market. Expect a lot of volatility and little long-term market movement within a large trading range.