Why doesn’t Empowered Investor Network recommend gold to its clients? Granted, gold is probably a much better place to be than the stock market but there are still distinct advantages that income property investing has over it. Jason recently said that he thought gold should be at about $2,000 an ounce and could very well get there in the future.
So why not run out and go gold bug crazy buying it?
Here are our reasons. Like most other types of investments, gold is one dimensional. This means you can’t rent it out, you can’t finance it, and you receive no tax benefits. You buy it and wait for the price to go up. These reasons alone would be enough to invest in real estate but they are not even the BIG reason. The BIG reason we can’t recommend gold as an investment is because of the massive amount of behind-the-scenes manipulation of price that goes on. As long as your goals coincide with that of the powers that be like the Central Banks, who manipulate the price, you might make a little profit on appreciation. But woe be unto the investor who gets sideways with their manipulatory policy.
How long can they keep messing with it? Two decades? Maybe longer? Who wants to wait around that long for an investment to pay off when you can get into income property investing right now and immediately enjoy all the benefits that gold doesn’t have?
Seems like a no brainer.
