Thursday, March 31, 2011
This is very familiar to whoever followed gold values in the 90s.
Gold had dropped from over $400 an ounce to $250 an ounce (a 40% decline) from February 1996 to August 1999. People ran from gold as though it was a plague.
Reports were rampant of investors and spectators predicting that gold would never again be worth investing in.
But, everyone knows what happened next. The proclamation of gold’s death was rather premature. Gold rose from $250 an ounce to over $1,400 an ounce in the next twelve years.
I believe that the Real Estate market will rebound with similar strength. Those who continued to believe in gold as an investment were rewarded. Those who continue to believe in real estate as a sound investment will also be rewarded.
Visit my website to find your golden opportunity!
source: Keeping Current Matters Blog
Posted by Rumblesmith at 11:03 AM