Friday, May 9, 2008

Everything is going up

I can't believe the price of everything is increasing! That includes food, utilities and personal items. It's all being blamed on the price of crude oil. The stock market is teeter-tottering along trying to hold on for the ride. People don't feel like they have money to spend, so stores have lower sales than expected and the stock price tanks. Lather, rinse and repeat.

The economy is not looking good right now. It's times like these when it pays to make sure your portfolio is diversified. Buying gold coins would be an excellent way to round out your asset portfolio. Coins are portable so you can handle them yourself. Or you can have a a company like Monex hold the coins for you. Gold recently went over $1000 an ounce. What if you had bought ingots or gold bars and had them in storage. Now imagine that you had bought them regularly. Just imagine how much they would be worth right now.

It pays to diversify and times like this make you glad you did.

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