Short Sales & REO's vs. Gold!!
By Charles Gardner-Realtor/Investor
(ZIP Realty, Inc-Houston District)
What's Better - Short Sales & REO vs. Gold? Historically gold has served as a store of value throughout most of history so it should come as no surprise it is a favorite among contrarian investors and those seeking a safety "hedge" against both inflation and deflationary pressures...but does gold really measure up to its reputation? Before putting their hard earned money into the hands of an ETF or placing big orders for bullion, short sale investors and others seeking real returns on their money would do well to evaluate the actual numbers - not just the hype. Let's begin by examining a few facts: During the last bout of major inflation, the average price of gold went from $41 per ounce in 1971 to over $610 in 1980 before reaching a high of $875 per ounce. Today, gold is selling for ap...
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