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Once in a while I do think about the price of gold, even more so when so much new money is being printed and inflation fears may be justified. I remember the early 1980’s when gold went up to $800, gas was scarce and inflation was rampant. This is 30 years later. What happened to gold? It is trading around the $1000 mark ,up and down every day. Any property purchased 30 years ago has gone up at least 400%. And you can live in it, rent it out, grow veggies…I have to agree with Warren Buffett on this. There is no gold standard. “Gold gets dug out from the ground, then we melt it down, bury it again and pay people to stand around and guard it. Anyone watching from Mars would be scratching their head” I love his way of expressing ideas simply. My simple idea for the day: When in doubt - buy real estate.
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