Sunday, June 21, 2009
Why Gold?
For centuries, gold has been a store of value. In fact, if you had an ounce of gold back in 1929 you could rent a room with it for the value of approx $20. Today gold is over $900/oz and it is nearly $1000. With that same ounce of gold you can still rent that same room from 1929. That is because gold holds its value, but the dollar loses value every single day.
Future price of gold will be much higher than now. Expect this to happen because we are printing a lot of green pieces of paper. I trust in God, not gold, but there is a scripture that says
Revelation 3:18 I counsel thee to buy of me gold tried in the fire, that thou mayest be rich; and white raiment, that thou mayest be clothed, and that the shame of thy nakedness do not appear; and anoint thine eyes with eyesalve, that thou mayest see.
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