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Gold recently hit a high of over $1,250 an ounce. Gold
advertisers and gold investment newsletters continue touting
their wares as though gold only goes up in value. Commercials are promising cash for gold, and people who
normally don't concern themselves with investments are
asking if they should buy gold. But now may not be the best
time to buy gold. Gold tends to maintain its value. It doesn't go up; it
doesn't go down. It just holds its purchasing power and
keeps pace with inflation. On average it stays constant, but
only on average.
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David John Marotta Featured on WINA Radio's "Real Estate Matters" with Michael Guthrie.
My wife and I happened to be eating Gyros at the University
Grill last month and could not help noticing a few dozen
women wearing red hats and purple dresses. We were
interested to learn that they were one of a dozen chapters
of the Red Hat Society located here in Charlottesville,
Virginia. The Red Hat Society believes silliness is the comic relief
of life. Their female members convene with red hats and
purple dresses to celebrate life after 50. (see
www. redhatsociety. com).
[click here to read more]
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