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Thursday, July 03, 2008

Gold vs Paper

I read from a forum that it's better to invest in Australian dollars. However, a friend told me that nothing really beats precious metals investments. Unlike paper, it has true intrinsic value and will offer you a solid, long-term and tangible way of protecting your wealth.

From the Monex Deposit Company website:

Precious metals have been a solid hedge against a declining U.S. dollar
Precious metals have been a proven safe-haven in times of war, political strife and uncertainty
Precious metals can offer outstanding price appreciation and profit potential

We lost a lot of money when we bought educational plan for my daughter in dollars. The exchange rate back then was Php56=$1 but now, the highest so far is Php44. So the next time we will invest, it will have to be something more solid and secure. Of course, nothing is really certain when it comes to investing but based from the information from MDC, precious metals is still the safest bet.

See the gold price from their site.


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