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Wednesday, September 8, 2010

The Folly Of Gold

Yes, gold has done well recently.
But experience of the long term tells a different story.
My family came to Los Angeles in the 1920s. Bought land. Recently sold the land.
Price had gone up 700 times.
Gold then was $32 per ounce. Now around $1,250. That is up around 40 times.
700 is much better than 40.
And guess what.
That land was an income producing item. Over the years that land generated spendable income.
Gold just sits there. In fact, storing it costs money!

I hope for real prosperity.
I hope for the people to live in praise and thanksgiving.

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